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he G7 achieved “Temporary” agreement Grant Ukraine and loan The source of funds is the interest generated by the assets of the Russian Central Bank, which are frozen in European Union.
This has been reported to Effie The loan is worth about $1.3 billion, according to two sources, one European and the other who asked to be cited as being briefed on the G7 deliberations. 46 billion euroswhile another source from the Elysee Palace announced in front of the media on Wednesday that the number would reach 50 billion.
The final agreement is expected to be announced on Thursday, coinciding with the attendance of Ukraine’s president. Volodymyr Zelenskyduring a special meeting with the organization’s leaders on Ukraine during the summit Pugliain the south Italy.
The summit’s final communique, due to be released after it closes on Friday, will also outline the agreement and specify where the funds are targeted to reach Ukraine. “By the end of the year”according to an extract from the draft text Effie.
According to the draft, the G7 will simply state in its final communique that they jointly commit to financing the fund. KyivThe G7 countries call it the “Special Revenue Acceleration (EPA) Facility for Ukraine.”
However, the French government is considering a deal to suspend talks, according to Elysee Palace sources and sources familiar with the G7 deliberations. USA It will be the institution that provides the bulk of the funding for loans to Ukraine, secured by future interest on Russia’s frozen assets in Europe.
Funded mainly by the United States
Currently, frozen foods are available all over the world Russia’s central bank has 260 billion euros in fundsmost of which are located in the European Union, especially in Belgium. The funds were frozen after Russia invaded Ukraine in February 2022.
Russia freezes 260 billion euros in assets 3 billion euros per year profit, but this amount is not enough to keep Kyiv afloat, as it only covers the financing needs of the Ukrainian administration for one month.
To this end, the G7 decided to use future interest as collateral for loans to Ukraine. Funded mainly by the United States Aimed at helping Zelensky rebuild his country Buy more weaponsG7 members or other interested countries will be able to supplement the fund with their own contributions.
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