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UkraineAid Archives - Esbecgroup

Tag Archives: UkraineAid

G7 Pledges $50 Billion Loan to Ukraine Backed by Russian Assets

G7 Pledges $50 Billion Loan to Ukraine Backed by Russian Assets

President Joe Biden, accompanied by an honor guard, makes his arrival at Brindisi Airport in anticipation of the G7 summit in Puglia, Italy, on June 12, 2024. (Photo credit: Kevin Lamarque, Reuters)

G7 leaders are finalizing a deal to lend Ukraine $50 billion, with the funds potentially reaching Kyiv by year-end, according to a French official. The loan will primarily be guaranteed by the US government, using windfall profits from approximately $300 billion in frozen Russian assets, most of which are held in European Union nations. The […]


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