G7 and EU Near Agreement on Funding Ukraine with Frozen Russian Assets

Plan involves using profits from immobilized Russian funds to secure a $50 billion loan for Ukraine's 2025 financing needs.

Around €260 billion of Russian central bank funds are frozen worldwide, generating €2.5-3.5 billion annually in profits.
The US and EU are considering two main options: the US raising the loan with EU assurances, or the EU borrowing independently.
A decision at the June 13-15 G7 summit would signal unity and ensure Ukraine's financing regardless of US election outcomes.
Hungary's potential veto poses a risk to the US-backed plan, while the EU's independent option requires prolonged parliamentary approval.
Legal and logistical challenges include maintaining sanctions and potential complications if Russia reclaims its assets post-war.