June 28, 2024
Loans

G7 leaders agree to lend Ukraine billions backed by Russia’s frozen assets. Here’s how it will work

WASHINGTON (AP) — Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia’s frozen central bank assets would be used as collateral. Details of the deal were being hashed out by G7 leaders at their

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