G7 Finalizes $50 Billion Loan to Ukraine Using Frozen Russian Assets

The loan, backed by profits from immobilized Russian sovereign assets, aims to support Ukraine's budgetary, military, and reconstruction needs.

G7 leaders have agreed to provide Ukraine with a $50 billion loan, serviced by profits from frozen Russian assets.
The funds are expected to be disbursed by the end of the year to address Ukraine's urgent financial needs.
The European Union will contribute up to €35 billion, with additional funds from the US, UK, Canada, and Japan.
The loan is part of the G7's commitment to support Ukraine's fight for freedom and recovery from Russian aggression.
The initiative is facilitated by the Ukraine Loan Cooperation Mechanism, ensuring coordinated and fair distribution among G7 members.