The G7 countries approved a $50 billion loan to Ukraine from the interest earned on Russia’s frozen assets.
The loan agreement to Ukraine was reached on the first day of the ongoing G7 meeting in Italy, which was also attended by Ukrainian President Volodymyr Zelensky.
According to the foreign news agency, the loan to Ukraine will be financed with interest from Russia’s frozen assets, which were frozen after the Russian invasion of Ukraine in 2022.
Ukrainian President Volodymyr Zelenskyi said that he has signed a 10-year security agreement with Japan on the sidelines of the meeting and that Japan will provide 4.5 billion dollars to Ukraine this year.
The G7 plan for Ukraine is based on a multi-year loan funded by profits from $300 billion in seized Russian funds.
According to the foreign news agency, the technical details of the loan will be finalized in the coming weeks.
Russia has strongly criticized the decision of the G7 countries, the spokesperson of the Russian Ministry of Foreign Affairs, Maria Zakharova, says that it would be a crime for the West to take the income from Russia’s assets. will get.