G7 nations agreed to provide $50bn in loans to Ukraine, backed by frozen Russian assets.

G7 nations agreed to provide $50bn in loans to Ukraine, using proceeds from frozen Russian assets. This plan ensures aid continues to Ukraine regardless of political changes. Loans are backed by future interest on the frozen Russian assets and may be repaid with interest or reparations from Russia. The US has authorized up to $50bn, expecting other countries to contribute.

August 19, 2024
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