G7 Leaders Agree on Initial Deal for $50bn Loan to Ukraine

Thursday, 13 June 2024, 09:16

The G7 nations have reached a 'provisional' agreement to provide Ukraine with a significant $50 billion loan. The funding, designed to support Kyiv, will be backed by anticipated profits generated from frozen Russian assets. This move underscores global support for Ukraine amidst the ongoing crisis.

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G7 Reaches 'Provisional' Agreement on $50 Billion Loan for Ukraine

The G7 nations have agreed on a substantial $50 billion loan for Ukraine, with funding front-loaded to assist Kyiv. The financing is to be secured by expected returns from assets frozen in Russia, highlighting a strong show of solidarity with Ukraine.

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