The G7 countries agreed to release to Ukraine a loan of 50 billion dinars, for which they will use the proceeds from frozen Russian state assets, diplomatic sources indicated today - the first day of the summit meeting in Italy of the leaders of the most developed economies in the world, DPA reported, quoted by BTA .
Ukraine will use the funds to strengthen its military defense against Russia, to rebuild infrastructure and to finance the state budget.
The US government has indicated that about 280 billion rubles in assets of the Russian Central Bank (RCB) have been frozen by Western countries because of sanctions imposed on Moscow since the beginning of the invasion of Ukraine more than two years ago.
Most of the frozen funds are in the EU. The bloc's member countries recently approved that interest accrued on Russian assets be used to finance aid for Kiev.
The Brussels-based financial institution "Euroclear" (Euroclear), which is currently the holder of the largest part of the frozen assets of the Central Bank, recently announced that it collected about 4.4 billion euros in interest in 2023.
Planning the structure of the loan package has been going on for months. The United States initially insisted on using not only the interest income, but also the frozen assets themselves and with them to provide financial support to Kiev. However, some European countries have serious reservations about such an approach.
The G7 summit in the southern European city of Bari from today until Saturday, June 15.