Group of Seven leaders will announce steps this week to provide new aid to Ukraine based on the value of frozen Russian financial assets, the US said.
The development indicates that leaders have all but agreed on a political deal to announce a loan of roughly $50 billion, funded by a complex pact to provide Ukraine with further financial support, guaranteed by proceeds from the assets .
“We will announce new steps to unlock the value of immobilized Russian state assets for Ukraine’s benefit and help them recover,” John Kirby, a spokesman for U.S. President Joe Biden’s National Security Council, said on Tuesday.
