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G7 Agrees On Billion Loan To Aid Ukraine

U.S. President Joe Biden meets with Ukrainian President Volodymyr Zelenskyy in Paris, Friday, June 7, 2024. (AP Photo/Evan Vucci)

Leaders of the Group of Seven wealthy democracies have reached an agreement to provide a $50 billion loan to support Ukraine in its struggle for survival. The loan will be backed by interest earned on profits from Russia's frozen central bank assets, with details still being finalized at the G7 summit in Italy.

Source of Funding
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