At a meeting in Italy, the finance ministers of the G7 countries expressed their support for the idea of providing Ukraine with a loan secured by profits from the frozen assets of the Russian central bank.
About this informs Financial Times.
It is noted that the proposal, initiated by the USA, provides Ukraine with a loan in the amount of about 50 billion dollars, which will be repaid at the expense of profits from the frozen assets of the Russian central bank, which are estimated at 190 billion euros. The G7 ministers announced “progress” in developing a mechanism for using these profits and promised to present specific lending options before the June summit of G7 leaders.
While many details still need to be agreed, European countries have expressed concern about “fair risk sharing” as most of the frozen assets are located in Europe. However, the EU has already approved a plan to use interest from these assets, which could bring Ukraine up to three billion euros annually.
