G7 Will Lend Ukraine $50 Billion—Which Will Be Repaid Using Frozen Russian Funds

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G7 Will Lend Ukraine $50 Billion—Which Will Be Repaid Using Frozen Russian Funds
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Siladitya Ray is a reporter on the Forbes news team who covers major world news stories breaking overnight with a focus on technology and online platforms. He joined Forbes in 2020 and works in New Delhi.

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Netflix Announces Joey Chestnut Vs. Takeru Kobayashi Hot Dog Eating Contest On Labor Day After Chestnut Banned From Nathan’s Event U.S. Cricket Falls Late To India In Latest Strong T20 World Cup Performance—Here’s How They Could Still AdvanceThe leaders of the Group of Seven nations reportedly agreed to a deal Thursday to give Ukraine $50 billion in loans backed by frozen Russian central bank assets, signaling continued support for Kyiv as Russia’s invasion shows no signs of abating.The loans will be provided separately by the U.S.

The individual loans are a workaround to allow the use of Russian assets to fund Ukraine aid, as the process of simply confiscating the money and handing it to Kyiv may face legal hurdles.We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to 335-0739 or sign upfor Ukraine: “We want to demonstrate that the U.S.

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