G7 Unites for Ukraine: USA Ready to Join Multi-Billion Loan - Media.
Ukraine will receive a $50 billion loan from the USA, which was agreed upon by G7 leaders in June. The financing of this loan is planned to be carried out using the profits obtained from the frozen assets of the Russian central bank in the West. Initially, it was planned that the USA and the EU would provide $20 billion each, and the remaining $10 billion would be distributed among Canada, Japan, and the United Kingdom. At the same Time, the USA insisted on guarantees from the EU that Russian assets would remain frozen for at least 3 years. However, Hungary vetoed this proposal and demands the extension of sanctions every 6 months. According to an alternative plan by the European Commission, €35 billion will be raised from the EU's general budget. The USA is considering various options for its participation, but other G7 members demand a larger contribution. The USA's participation in the loan is a crucial strategic element to counter Russian aggression. An official announcement could be made by November 2024.
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