Particle.news

Download on the App Store

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.

Image
Image
Image

Overview

  • 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.