Loan for 50 billion dollars. for Ukraine was agreed upon by the G7 countries.
On Saturday, October 23, the G7 countries agreed on a loan of $50 billion. for Ukraine, secured by income from the frozen assets of the Central Bank of the Russian Federation. This move paves the way to provide needed assistance to Kyiv and protect critical funding from the impact of the results of the US presidential election. This is stated in a joint statement by the leaders of the Group of Seven.
The document also states that this money should be spent on supporting Ukraine’s budget, military and reconstruction assistance. 20 billion dollars each. assistance will come from the United States of America and the EU. About 3 billion dollars. Great Britain will allocate. Canada and Japan will also make contributions.
The G7 loan will enable Ukraine to receive financial support for reconstruction and defense, helping to meet financial needs through 2025 and beyond.
The United States is also expected to make its first payment before the end of the year.
Let us remind you that on October 23, the Council of the European Union finally approved the allocation of a loan to Ukraine in the amount of up to 35 billion euros. This loan will be repaid using profits from the frozen assets of the Russian Federation.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.