Rome, Italy – US officials are working to secure European allies’ support for a proposal to use interest from Russian frozen assets to aid Ukraine at the upcoming G7 summit in southern Italy. However, some European countries remain skeptical, causing ongoing discussions as the summit nears.
The proposal includes a $50bn loan to Ukraine, repaid with the interest earned from the immobilized Russian assets. Concerns about the security of the interest and potential risks are key points of contention.
Despite divisions among EU countries, there is political will to reach an agreement, emphasizing the importance of supporting Ukraine in its conflict with Russia. The proposal aims to send a unified message against Russian aggression.
This summit holds significance not only for addressing the Ukraine-Russia conflict but also in anticipation of the US presidential elections. The outcome could have a significant impact on Ukraine’s future and the continuation of Western aid. The discussions highlight the critical need for ongoing support as the conflict persists.