Ukraine to get $50b from frozen Russian assets’ profits

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Ukraine to get $50b from frozen Russian assets' profits

Ukraine will get 50 billion U.S. dollars in loan from the Group of Seven (G7) countries using profits from frozen Russian financial assets, reported Xinhua, quoting the Interfax-Ukraine news agency on Thursday.

The political agreement was made on the opening day of the annual G7 summit in the southern Italian region of Puglia.

Currently, the G7 countries are working on details regarding providing the funds, the report said, citing German Finance Minister Christian Lindner.

The G7 countries have frozen about 300 billion dollars of Russian assets in the wake of the Russia-Ukraine conflict, according to media reports.


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