Lean – conscious
The Group of Seven announced that they had reached an agreement on the mechanism to provide Ukraine with a loan worth $50 billion, which will be repaid from the proceeds of Russia’s frozen assets.
The group said in a statement published on the Italian government website: “Today, we, the leaders of the G7, reached a consensus on how to provide loans of about $50 billion to Ukraine.”
The statement added: “These loans will be serviced and repaid through exceptional future income streams earned from Russia’s frozen sovereign assets, in accordance with the relevant legal systems in the G7 countries and international law.”
The statement showed that “the G7 set a goal to start paying aid to Ukraine before the end of this year, with the money being distributed in different ways to support the reconstruction of Ukraine, and in the financial and military fields .”
Last Wednesday, an American official said that the G7 is moving forward with the issue of providing a loan worth $50 billion to Ukraine, because the United States will provide $20 billion, of the total loan, and the European Union, the Kingdom United, Canada. , Japan, and others will provide $30 billion.
Russian President Vladimir Putin warned the West against seizing Russia’s frozen assets or their profits, and stressed that any attempt to harm them would be considered clear theft and would not be punished.
Source: Russia Today