G7 agreed on $50 billion for Ukraine at the expense of Russian assets – Georgia Meloni

G7 agreed on $50 billion for Ukraine at the expense of Russian assets, – Georgia Meloni Vasily Roztrepa

Ukraine will be provided with $50 billion in aid using frozen Russian assets/Collage 24 Channel (illustrative photo)

Today the G7 summit is taking place in Italy. Italian Prime Minister Giorgia Meloni confirmed that G7 leaders have reached a political agreement to provide Ukraine with about $50 billion in financial support from frozen Russian assets.

Georgia Meloni stated this at a press conference following a meeting of G7 leaders in Italian Puglia.

50 billion in aid to Ukraine: Russian money will turn against Russia

According to Meloni, the G7 has reached “a political agreement to provide additional financial support to Ukraine of approximately $50 billion by the end of the year through the credit system.”

This was an unexpected result that I am especially proud of. Now it will need to be worked out from a technical point of view,” added the Italian prime minister. using the profits from these assets, which accumulate over time.

Frozen Russian assets are slowly being “unfrozen”

• After lengthy negotiations, it finally became known when Ukraine will receive income from frozen Russian assets. The head of the European Commission said that the amount of 1.5 billion euros of income from frozen Russian assets will be available already in July.

< li>In addition, Ursula von der Leyen announced that 1.9 billion euros will go to Ukraine this month under the UkraineFacility program. And 200 million euros will be allocated for urgent repairs to Ukraine's energy system.

• The United States can provide Ukraine with a loan of $50 billion, which will be repaid from the assets of the occupying country. However, this requires the EU to indefinitely extend sanctions against Russia.