Yesterday at 21:05
The G7 countries have reached a consensus on the procedure for providing Ukraine with a $50 billion loan from frozen Russian assets.
As reported by Ukrinform, this is stated in a G7 statement.
“We, the leaders of the G7, have reached a consensus on how to provide around $50 billion through the Emergency Loans initiative to accelerate revenues for Ukraine,” the document notes.
It has been decided that these loans will be repaid using the interest from frozen Russian funds, in accordance with the national laws of the G7 countries and international law. “The loan funds will be disbursed through several channels to support Ukraine’s budgetary needs, provide military assistance, and facilitate recovery,” the G7 stated.
The statement emphasizes that the current goal is to “begin disbursement of funds by the end of the year.”
