Summary
- G7 nations have agreed to provide Ukraine with $50 billion in fresh aid through a loan syndicate based on the size of their economies.
- The funding will come from profits generated by frozen Russian sovereign assets, most of which are immobilized in Europe.
- The deal is seen as a strong signal of support for Ukraine and a message to Russian President Vladimir Putin that the G7 is committed to standing by Ukraine in the long term.
- Repayment of the loan will depend on the frozen assets generating enough profits over several years to cover the amount lent out.