"Our aim is to begin disbursing the funds by the end of the year," G7 leaders announced on Oct. 25. The loan will support Ukraine's economic, defense, and reconstruction needs.

The Group of Seven (G7) has reached an agreement to provide Ukraine with approximately $50 billion in loans backed by the revenue from foreign Russian assets, the G7 announced on Oct. 25.

“Our aim is to begin disbursing the funds by the end of the year,” a statement from the G7 leaders read.

During the G7 summit in Italy in June, G7 leaders publicly confirmed an agreement on the plan to provide Ukraine with a $50 billion loan. Officials said shortly thereafter that the plan would be finalized in October.

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  • McDropout@lemmy.worldEnglish
    3·
    19 days ago

    My tax dollars going to a cause I do not support 👁️👄👁️

    These Russian assets could’ve been reinvested in our countries rather than defending a foreign country that doesn’t belong to NATO or EU, just because they‘re white.

    • Passerby6497@lemmy.worldEnglish
      16·
      19 days ago

      My tax dollars going to a cause I do not support 👁️👄👁️

      If Russian assets are your tax dollars, go back to the motherland and tell Daddy vladdy to get the fuck out of Ukraine.

      just because they‘re white.

      👀

    • tired_n_bored@lemmy.worldEnglish
      14·
      19 days ago
      1. This money comes from interests on russian money
      2. What would have changed if Ukraine was in NATO or EU for you to support it? Ukraine is facing a brutal war of aggression, the biggest European land grab since WW2 and we should do nothing, just sitting here, while modern-day Hitler does whatever he wants?