According to information from Paris, the G7 countries have agreed to pay 50 billion dollars (about 46.5 billion euros) to Ukraine by the end of the year. Ultimately, however, the assets should not be paid for out of pocket.
“There is an agreement,” the French presidency said on Wednesday. The loan to Ukraine must be repaid with “interest profits from frozen Russian assets”.
According to French sources, the idea is an “American initiative”. If “for some reason the Russian assets are released or the interest on the assets is not sufficient to finance the loan, we will have to think about how to share the burden,” the Elysée continued.
Agreed before the summit begins
Earlier, US National Security Council spokesman Jake Sullivan said there would be “consensus among the G7 on using these frozen assets to help Ukraine rebuild.”
The summit of the Group of Seven Major Industrial Countries (G7) starts on Thursday in Borgo Egnazia, Italy. In the afternoon the emphasis is on further aid to Ukraine. Ukrainian President Volodymyr Zelenskyy will also participate in the talks. Zelenskyj was in Saudi Arabia on Wednesday evening, where he spoke with Crown Prince Mohammed bin Salman about the peace conference in Ukraine that will take place in Switzerland this weekend.
Security agreement with Ukraine
On the sidelines of the G7 summit, Zelensky and US President Joe Biden also want to sign a bilateral security treaty between their countries. According to US information, the agreement includes arms supplies and support to Ukraine, but no deployment of US forces. It is similar to bilateral agreements that Ukraine has already signed with 15 other countries, the report said.
Source: Krone
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