The G7 is aiming to start disbursing funds by the end of the year.
G7
At a meeting of the world's leading international organizations, the International Monetary Fund and the World Bank, the G7 countries reached a final agreement to provide Ukraine with loans worth $50 billion.
According to the Voice of America, the loans from the G7 “will be serviced and repaid by future flows of emergency revenues received from the immobilization of Russian sovereign assets.”
In a joint communiqué, the G7 countries confirmed that they aim to begin repayments by the end of this year.
“Time is not on the side of Russian President Putin,” – the document emphasizes.
- Earlier, Ukrainian Prime Minister Denis Shmyhal claimed that $50 billion from the “Big Seven” would be available to our country this year.