The G7 group will provide Ukraine with a loan of 50 billion dollars by the end of the year, which will be repaid from the profits made from Russia’s frozen funds, according to the press release after the summit.
“Aimed to support Ukraine’s current and future needs, the G7 will launch Emergency Acceleration Loans for Ukraine to make available approximately $50 billion in additional financing for Ukraine by the end of the year,” the statement said.
As the statement points out, the G7 intends to provide financing that will be repaid by “future extraordinary revenue streams arising from frozen Russian assets in the EU and other relevant jurisdictions.”
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