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EU countries look to extend freeze on Russian assets to secure G7 loan to Ukraine

  • European Union member states will discuss options for extending sanctions on Russian central bank assets to support a $50-billion loan for Ukraine, as noted in an EU draft document.
  • The Group of Seven leaders agreed to use interest from frozen Russian assets to back the loan to aid Ukraine against Moscow's invasion.
  • EU regulations require unanimous approval from member states to renew sanctions on Russia every six months, raising concerns among some G7 democracies about future unanimity.
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