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International Business Times
International Business Times
Marvie Basilan

US Races To Secure G7 Approval For $50B Loan To Ukraine From Frozen Russian Assets

G7 United States Ukraine Russia Joe Biden Lindsey Graham
U.S. officials are reportedly pushing other G7 member nations to agree on a $50 billion loan for Ukraine from Russian frozen assets. (Credit: AFP)

KEY POINTS

  • G7 members have yet to clear some aspects of such a loan, including repayment assurances
  • Sen. Graham said seizing frozen Russian assets and diverting them into Ukraine aid is a 'chance to reset this war'
  • Biden said he has reached an agreement on the matter with his French counterpart

The U.S. is pushing to finalize an agreement with Group of 7 (G7) members for $50 billion in loans to Ukraine using profits obtained from frozen Russian assets ahead of this week's summit in Italy, a report said.

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