The G7 countries agreed to use the frozen funds of the Russian Federation in favor of Ukraine

US President Joe Biden (R) shakes hands with Ukrainian President Volodymyr Zelenskyy (L) after signing a bilateral security agreement.

The historic agreement was signed on the sidelines of the G7 summit. Source: AFP / Filippo Monteforte

The G7 leaders agreed to give Ukraine a $50 billion loan this year, secured by profits from frozen Russian assets, to help with the military efforts and the country's reconstruction. This plan has been developed over several years.


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