The Group of Seven (G7) leaders came to an agreement to provide Ukraine with $50 billion from frozen Russian assets by the end of 2024, Le Monde reported on Wednesday citing a French presidency official.
"Originally this was an American initiative," the official noted, further detailing that in theory the loan to Kiev would be repaid through "the proceeds from the frozen Russian assets."
Nonetheless, he explained that should the assets be unfrozen at some point "or the proceeds from the Russian assets are not enough to finance the loan," then the countries involved would have to consider how to split the load.
