Paris: G7 nations reach consensus to finance Ukraine with 50 billion dollars by year's end 2024.
As reported by the Elysee Palace, the notion stems from an "American proposal." In the event that the confiscated Russian resources are rendered accessible or the returns from these assets cannot cover the cost of the loan, we will need to ponder how to distribute the financial strain.
Before, Jake Sullivan, the spokesperson for the US National Security Council, revealed that there will be "unanimous consent among the G7 to employ these frozen assets to aid Ukraine's reconstruction."
The G7 meeting, which summarizes the seven principal industrialized nations, commences on Thursday at Borgo Egnazia's location in Italy. In the afternoon, aid for Ukraine will take center stage, with Ukrainian President Volodymyr Zelensky partaking in the discussions. Zelensky convened in Saudi Arabia on Wednesday evening, where he conferred with Crown Prince Mohammed bin Salman on the approaching Ukraine peace negotiation scheduled for the weekend in Switzerland.
Additionally, Zelensky and US President Joe Biden anticipate signing a bipartisan security accord between their nations at the G7 conference's margins. The agreement, as per US declarations, encompasses military aid and backing for Ukraine, yet no deployment of American troops. It bears resemblance to the bipartisan accords that Ukraine has previously sealed with eighteen other countries.
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- Despite the consensus among G7 countries to finance Ukraine with $50 billion by the end of 2024, the question of distribution arises if the confiscated Russian resources or their returns cannot cover the loan cost.
- The G7 meeting, set to commence in Italy on Thursday, will discuss aid for Ukraine in the afternoon, with President Volodymyr Zelensky participating in the discussions.
- Zelensky recently met with Crown Prince Mohammed bin Salman in Saudi Arabia, discussing the upcoming Ukraine peace negotiation scheduled for the weekend in Switzerland.
- According to US declarations, Zelensky and Joe Biden anticipate signing a bipartisan security accord between their nations at the G7 conference's margins.
- The agreement will cover military aid and support for Ukraine, similar to the bipartisan accords previously sealed by Ukraine with eighteen other countries.
- The American proposal for financing Ukraine with $50 billion by the end of 2024, as reported by the Élysée Palace, originated from a higher-level decision within the USA's Presidency.
- The G7 countries agreed to use the frozen Russian assets to aid Ukraine's reconstruction, as revealed by Jake Sullivan, spokesperson for the US National Security Council, before the G7 meeting in Italy.
