The countries of the "Big Seven" have agreed on a mechanism for crediting Ukraine for 50 billion dollars

The Great Seven countries (G7), which include the USA, Canada, United Kingdom, France, Germany, Italy and Japan, as well as the European Union, have created a new financial mechanism for Ukraine. According to the decision, Ukraine receives a loan worth $ 50 billion, the value of which will be generated at the expense of income from frozen Russian assets. This Agreement has been another step in united international efforts to restore and support Ukraine in this continuing war.

According to the website of the Italy government, which is currently presiding in G7, "a technical solution that provides consistency, coordination, fair distribution of lending and solidarity between all G7 partners."

Money should go for economic and military support for Ukraine, as well as recovery after the war. "Our goal is to start paying funds by the end of the year," the statement said.

We will remind, Washington will give Kiev $ 20 billion, approximately as much as the EU, and another $ 10 billion is expected from the United Kingdom, Japan and Canada.

Earlier, Europe planned to allocate 35 billion, but Germany opposed it.

The loan will be repayed from the income of Russian assets, which are estimated at the level of 2-3 billion euros a year.