G7 Leaders to Announce $50 Billion Loan for Ukraine Using Frozen Russian Assets
The agreement, expected at the upcoming summit, aims to support Ukraine's recovery and defense amid ongoing conflict with Russia.
- The $50 billion loan will be backed by profits from frozen Russian investments, spanning a decade.
- European and US officials have structured the loan to share risk among participating countries.
- The US and Ukraine will sign a long-term defense and security agreement at the G7 summit.
- UK Prime Minister Rishi Sunak pledges an additional £250 million for Ukraine's humanitarian and energy needs.
- G7 leaders also plan to address other global challenges, including the Middle East conflict and trade with China.
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