G7 leaders agree on US$50B loan for Ukraine using frozen Russian assets

From Global News.

The leaders of the G7 countries have agreed to provide a US$50 billion loan to support Ukraine in its battle for survival amid Russian invasion.

The loan will be supported by the interest earned on profits from Russia’s frozen central bank assets.

Canada has also pledged to contribute $5 billion to the loan, which will be based on anticipated revenue from the frozen Russian assets.

Global’s Mackenzie Gray reports.

For more info, please go to https://globalnews.ca/news/10564208/g7-summit-ukraine-loan-deal/
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