G7 nations poised to announce agreement on new loan for Ukraine as soon as Thursday, sources say ...Middle East

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By Kayla Tausche, CNN Washington (CNN) — Leaders representing the Group of Seven nations are set to announce as soon as Thursday an agreement to loan money to Ukraine backed by the profits from frozen Russian investments, according to sources familiar with the discussions, providing a new source of revenue to a war-torn nation facing a steep and costly road to recovery. Negotiators had focused discussions on a loan amount of roughly $50 billion, a figure that would represent the annual proceeds on the investments – which generate profit of about EUR 3 billion per year – over the course of 10 years. Western nations froze Russia’s assets in bank accounts located within Europe and the US

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