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G7 plans $50 billion loan for Ukraine, backed by frozen Russian assets

G7 Plans $50 Billion Loan for Ukraine, Backed by Frozen Russian Assets

Leaders from the Group of Seven (G7) wealthy democracies have come to a consensus on providing Ukraine with a substantial loan amounting to $50 billion (€46.3 billion). This loan is set to utilize interest earned on profits from Russia’s frozen central bank assets as collateral, marking a significant step in international support for Ukraine’s stability. […]