Tag: frozen assets
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G7 Backs $50 Billion Loan to Ukraine Using Frozen Russian Assets for Defense and Reconstruction
In a significant development at the G7 Summit in Italy, the US and Ukraine have signed a 10-year security pact aimed at deterring Russian aggression, signaling a unified stance among G7 nations against threats to global stability. Additionally, G7 leaders endorsed a groundbreaking initiative to allocate $50 billion in loans to Ukraine, financed through frozen…