G7 leaders agreed on loans worth $50 billion to Ukraine, using interest earned on frozen Russian assets.
The Italian presidency of the G7 confirmed Thursday evening that an agreement had been reached to release loans of 50 billion dollars to Ukraine.
The funds will be released through the use of interest earned on frozen Russian assets.
The announcement was made by Italian Prime Minister Giorgia Meloni who is welcoming G7 leaders to Puglia as well as other guests including Ukrainian President Volodymyr Zelensky.
Volodymyr Zelensky also signed ten-year security agreements with the United States and Japan.
Kyiv will thus be able to invest in arms but also in the reconstruction of the country, so the hesitations and delays in arms deliveries from these allies in recent months have benefited Russia on the ground.
German Chancellor Olaf Scholz welcomed agreement “historical” which sends, according to him, “a clear message” to Vladimir Putin.