G7 agree on $50 billion for Ukraine by the tip of 2024

“There may be an settlement,” the French presidency mentioned on Wednesday. The mortgage to Ukraine is to be repaid with “the curiosity earnings from frozen Russian belongings.”

“American Initiative”

In keeping with the French, the concept is an “American initiative”. If “for any motive the Russian belongings are launched or the curiosity on the belongings shouldn’t be sufficient to finance the mortgage, we must take into consideration how we share the burden,” the Élysée Palace mentioned. Beforehand, the spokesman for the US Nationwide Safety Council, Jake Sullivan, introduced that there can be “settlement among the many G7 in relation to utilizing these frozen belongings to assist Ukraine rebuild.”

The summit of the Group of Seven main industrialized nations (G7) begins on Thursday in Borgo Egnazia, Italy. Within the afternoon, the main focus might be on additional assist for Ukraine. Ukrainian President Volodymyr Zelensky may even participate within the talks. Zelensky was nonetheless in Saudi Arabia on Wednesday night, the place he spoke with Crown Prince Mohammed bin Salman concerning the Ukraine peace convention going down in Switzerland on the weekend.

Bilateral safety settlement

On the sidelines of the G7 summit, Zelensky and US President Joe Biden additionally wish to signal a bilateral safety settlement between their nations. In keeping with US info, the settlement contains arms deliveries and assist for Ukraine, however no deployment of US troops. It’s just like the bilateral agreements that Ukraine has already signed with 15 different nations, it mentioned.


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