Close Menu

    G7 to lend Ukraine billions using Russia’s frozen assets. Plan explained.

    0
    By on Canada
    G7 to lend Ukraine billions using Russia’s frozen assets. Plan explained.
    Summary: G7 leaders have agreed to provide a $50 billion loan to Ukraine using interest earned on frozen Russian assets. The deal is designed to help Ukraine in its fight against aggression. The loan would mainly be backed by U.S. government funds, with possible additional contributions. The process of turning frozen assets into usable funds is complex, involving legal procedures. The goal is to support Ukraine swiftly amid ongoing conflict.

    \

    [ad_2]

    Source link

    Share.

    The Associated Press is an American non-profit news agency founded in 1846, and headquartered in New York City. As a news agency, AP covers a diversity of topics and news, both local US news and international stories making headlines.

    Related Stories