G7 Approves $50 Billion Loan for Ukraine

The G7 has reached an agreement on a $50 billion loan to assist Kyiv, supported by the frozen assets of Russia amid its invasion of Ukraine.


G7 Approves $50 Billion Loan for Ukraine

The group of countries 'Big Seven' has reached an agreement on the provision of Ukraine with a credit of 50 billion dollars for providing support to Kyiv. The agreement presupposes the use of frozen Russian assets with consideration of investment orientations, addressing the conflict in Ukraine.

In its statement, the coalition emphasized that support for Ukraine is based on financial measures that contribute to strengthening the economy of the country. Besides financial means, it is planned to provide assistance in reconstructing infrastructure and ensuring essential needs of the population.

"This agreement underlines our firm decision to support Ukraine in this difficult period. We are ready to provide not only financial assistance but also technical and humanitarian support to ensure stability in the region," the representative of the coalition noted.