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Published 1 month ago

G7 leaders reach deal to provide Ukraine a $50 billion loan backed by Russian assets

  • Leaders of the Group of Seven agreed to provide a $50 billion loan to aid Ukraine, using interest on profits from Russia’s frozen central bank assets as collateral.
  • The loan, mainly from the U.S., is backed by windfall profits from $300 billion in immobilized Russian assets, with the majority held in the EU.
  • $50 billion loan for Ukraine will be secured by at least $260 billion frozen Russian central bank assets, largely in EU countries.
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