At the G7 summit in Italy, leaders agreed on a $50B loan to Ukraine, backed by frozen Russian assets.

At the G7 summit in Italy, leaders agreed on a $50B loan to Ukraine, with collateral from frozen Russian assets. This US-proposed plan aims to help Ukraine recover from the conflict and represents a shift in strategy for EU powers amid the ongoing crisis. The G7, including Canada, France, Germany, Italy, Japan, the UK, and the US, have united in backing this proposal for financial aid to Ukraine.

June 12, 2024
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