G7 Summit: Utilizing Frozen Russian Assets' Interests to Provide Ukraine with $500 Billion Loan Symbolizes Punishment

Reported about 1 year ago

During the G7 summit on June 13, the leaders agreed to use the interests from frozen Russian assets to provide Ukraine with a $500 billion loan, following the $610 billion military aid from the US in May. The funding is expected by the end of the year, seen as a symbolic move to punish Russia and long-term support for Ukraine. Leaders welcomed the agreement, emphasizing the importance of this financial support in defending Ukraine's sovereignty.

Source: YAHOO

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