G7 to approve $50bn in Ukraine aid despite disputes – media ...News

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G7 to approve $50bn in Ukraine aid despite disputes – media
Western powers are at odds over who should carry the risks of tapping into Russian assets, several outlets have reported Leaders of the G7 intend to back a US plan to provide $50 billion in aid for Ukraine through a loan issued against frozen Russian assets, before finalising some contentious parts of the plan, according to media reports. Washington’s idea is to use future profits from seized Russian assets to pay interest on the proposed loan. Leaders of the G7 club of nations will approve the arrangement in principle during this week’s summit in Apulia, Italy, according to news outlets including Bloomberg, Agenc

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