Profits from the frozen assets of the Russian Federation will be used for military aid to Ukraine and the restoration of its infrastructure. This is stated in a statement by the defense ministers of the G7 countries, it says RIA Novosti.
“In accordance with the statement issued by G7 leaders after the Puglia summit, emergency revenues from immobilized Russian sovereign assets… will be used to support Ukraine, including military, budgetary and reconstruction assistance in the short and long term,” the statement said. Results of the meeting in Naples.
19 October Financial Times wroteThe United States is ready to provide Ukraine with up to $20 billion (40%) under the G7 loan, which will be repaid from profits from frozen Russian assets. According to the document, negotiations on the loan are accelerating as Western officials want to provide financial aid to Kiev by the end of the year and realize that Washington’s support for Ukraine could end if Donald Trump wins the US elections in November.
16 October reportedEU countries plan to allocate 45 billion Euros to Ukraine by the end of 2024. This amount is stated in the final document of the EU summit in Brussels. Proceeds from frozen assets of the Russian Federation will be used to pay off the debt. The funds will be used for military aid to Ukraine, budget payments and reconstruction of the country.
Previously France announced Reduction of slices for Ukraine.