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G7 agrees on $50-B loan for Ukraine

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G7 News

Agrees,On,$50-B

BARI, Italy — Leaders of the G7 group of nations have decided Thursday to grant Ukraine a new $50 billion loan using profits from frozen Russian assets, a move United States President Joe Biden said showed Moscow 'we're not backing down.'

BARI, Italy — Leaders of the G7 group of nations have decided Thursday to grant Ukraine a new $50 billion loan using profits from frozen Russian assets, a move United States President Joe Biden said showed Moscow 'we're not backing down.'The US president and other G7 leaders agreed at a summit in Italy to use the profits from the interest on the assets to subsidize the loan to provide help this year to Kyiv.

President Joe Biden and Ukrainian President Volodymyr Zelenskyy sign a bilateral security agreement at the Apulia region in Italy, on June 13, 2024. AFP photoMeloni invited Ukrainian President Volodymyr Zelenskyy to join a special session on the Ukraine war alongside the leaders of Germany, France, Canada, Britain and Japan.

 

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G7 summit opens with deal to use Russian assets for Ukraine as EU’s traditional powers recalibrateBARI, Italy—A Group of Seven summit is opening Thursday with agreement on a US proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe’s political chessboard shifts to the right.
Source: BusinessMirror - 🏆 19. / 59 Read more »