By October, G7 countries are likely to agree on a framework agreement for a $50 billion loan to Ukraine
Kyiv • UNN
European Commissioner Paolo Gentiloni announced the possibility of concluding a G7 framework agreement on a $50 billion loan to Ukraine from frozen Russian assets by October 2024. The loan would be issued from $300 billion of frozen Russian assets.
The G7 countries may conclude a framework agreement by October 2024 to provide Kyiv with a $50 billion loan from Russia's frozen assets. This was stated by the European Commissioner for Economic Affairs Paolo Gentiloni, reports Reuters, UNN .
Details
On the sidelines of the meeting of finance ministers and central bank governors of the G20 countries in Rio de Janeiro, Gentiloni said that “very good progress” had been made on the technical and legal aspects of the loan to Ukraine.
I am confident that we will be able to achieve this by October. By October, I mean the framework. Then, of course, by the end of the year, we need to enter the markets, but each country has a different situation
The newspaper emphasizes that the $50 billion loan will be issued from frozen assets received from the Russian central bank totaling $300 billion after the full-scale Russian invasion of Ukraine.
Recall
Ukraine's Finance Minister Sergiy Marchenko has asked the G7 to speed up the development of procedures for the use of $50 billion from frozen Russian assets. Marchenko emphasized the need for continued international support for Ukraine.
