G7 Concludes on $50bn Loan for Ukraine from Russian Asset

G7 agrees $50bn loan for Ukraine

EKo Hot Blog reports that the G7 has agreed to utilize frozen Russian assets to raise $50bn (£39bn) for Ukraine to bolster its defense against invading Russian forces. US President Joe Biden emphasized that this decision serves as a clear message to Russia “that we’re not backing down,” though Moscow has warned of “extremely painful” … Read more