The Group of 7 nations finalized a plan to give Ukraine a $50 billion loan using Russia’s frozen central bank assets, Biden administration officials said on Wednesday.

The Group of Seven intends to provide Ukraine with a $50 billion loan by the end of 2024. The repayment will be funded through the income generated from frozen Russian assets, according to a ...

They were frozen after Russia’s full-scale invasion of Ukraine in 2022. The total value of the Russian assets varies between $210 billion and $300 billion. Out of the €45 billion ($50 billion) ERA ...

Shmygal noted that Ukraine has already received a total of $14.7 billion as part of the ERA program. Last October, the Group of Seven countries agreed to provide Ukraine with a $50 billion loan.

Ukraine has received a 2.5 billion Canadian dollar ($1.7 billion) loan from Canada under the Group of Seven's (G7) ...

Japan will provide Ukraine with a loan exceeding US$3 billion as part of the G7-led Extraordinary Revenue Acceleration (ERA) initiative, funded by profits from frozen Russian assets. Source: Ukraine’s ...

The EU has instead pursued less aggressive initiatives, such as a $50 billion loan to Ukraine using Russian funds and paying Kyiv interest on the frozen assets. Europe has not, ...

In the first year of the war, Ukraine's gross domestic product fell by nearly 30%. It is still lower than its pre-war levels, but delivered modest growth in 2023 and 2024.

Ukraine’s Cabinet of Ministers on Friday approved measures necessary to receive a $3 billion loan from Japan, with funds backed by frozen Russian assets. “We will direct these funds towards financing ...

"The EU continues to support Ukraine – politically, financially, economically and militarily. Today we are disbursing a further 1 billion euros under the 45 billion euros G7 Extraordinary ...