https://en.sputniknews.africa/20241026/g7-leaders-agree-on-providing-ukraine-with-50-billion-in-loans-statement-says-1068889798.html
G7 Leaders Agree on Providing Ukraine With $50 Billion in Loans, Statement Says
G7 Leaders Agree on Providing Ukraine With $50 Billion in Loans, Statement Says
Sputnik Africa
MOSCOW (Sputnik) - The G7 leaders stress that the funds will be transferred to Kiev through various channels and will be used both to support Ukraine's budget... 26.10.2024, Sputnik Africa
2024-10-26T09:52+0200
2024-10-26T09:52+0200
2024-10-26T09:52+0200
russia's special operation in ukraine
international
finance
finance minister
g7
ukraine
ukraine crisis
loan
europe
sanctions
https://cdn1.img.sputniknews.africa/img/07e8/0a/1a/1068889488_0:52:3072:1779_1920x0_80_0_0_b6fc379be79bf4e4a9a32cea238e02d9.jpg
The G7 leaders have reached an agreement on providing Ukraine with loans worth about $50 billion, the leaders said in a joint statement. The G7's loan to Ukraine will be repaid with revenues from Russia's frozen assets "in line with international law," the statement noted.Earlier, Russian Finance Minister Anton Siluanov said that Russia was ready to use the proceeds from the assets of foreign individuals as a symmetrical measure against the actions of the West. According to him, such decisions are already being implemented.
ukraine
europe
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2024
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
international, finance, finance minister, g7, ukraine, ukraine crisis, loan, europe, sanctions, conflict
international, finance, finance minister, g7, ukraine, ukraine crisis, loan, europe, sanctions, conflict
G7 Leaders Agree on Providing Ukraine With $50 Billion in Loans, Statement Says
MOSCOW (Sputnik) - The G7 leaders stress that the funds will be transferred to Kiev through various channels and will be used both to support Ukraine's budget and to provide military assistance and help rebuild the country's infrastructure, reports said.
The G7 leaders have
reached an agreement on providing Ukraine with loans worth about $50 billion, the leaders said in a joint statement.
"Today, we, the Leaders of the Group of Seven (G7), have reached a consensus on how to deliver approximately $50 billion in Extraordinary Revenue Acceleration (ERA) loans to Ukraine," according to the statement posted on the Italian government's website.
The G7's loan to Ukraine will be repaid with revenues
from Russia's frozen assets "in line with international law," the statement noted.
"These loans will be serviced and repaid by future flows of extraordinary revenues stemming from the immobilization of Russian Sovereign Assets, in line with G7 respective legal systems and international law... Our aim is to begin disbursing the funds by the end of the year," the statement said.
Earlier, Russian Finance Minister Anton Siluanov said that Russia was ready to use the proceeds from the assets of foreign individuals as a symmetrical measure against the actions of the West. According to him, such decisions are already being implemented.
