G7 countries finalize work on allocating $50 billion to Kyiv from Russian assets.

G7 countries plan to provide Ukraine with $50 billion from frozen Russian assets

Antony Blinken, the U.S. Secretary of State, announced that G7 countries are in the final stages of working to provide Ukraine with $50 billion using funds obtained from frozen Russian assets. He noted that this is part of the sanctions imposed by the U.S. against Russia, particularly regarding Gazprombank. Blinken also anticipates further actions from G7 countries.

At the G7 summit in Italy, which took place in June, a political agreement was reached to provide Ukraine with $50 billion by the end of the current year from funds obtained from frozen Russian assets. This was made possible thanks to the support of G7 countries and their readiness to provide loans to Kyiv.