G-7 leaders agree on $68b loan to Ukraine from Russian assets
The Straits Times — June 14, 2024, 01:00 AM UTC
Summary: G-7 leaders agreed to provide a $68 billion loan to Ukraine using interest from frozen Russian assets. The deal aims to ensure long-term support regardless of political changes. The loan is based on impounded Russian funds, with the US committing up to $50 billion. Concerns over China's industrial overcapacity and efforts to aid African economies were also discussed. The summit included discussions on the Middle East, migration, and artificial intelligence.
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