Germany and G7 Partners Plan Loans for Ukrainian Military Support

Germany and its G7 partners are developing a plan to offer loans for Ukraine's military support. The loans will be funded by proceeds from frozen Russian assets. The initiative, agreed upon at a G7 summit in June, aims to start helping Ukraine next year, with no reduction in support volume.

Germany, along with its Group of Seven (G7) partners, is diligently crafting a plan to provide loans for Ukrainian military support, financed by proceeds from frozen Russian assets, according to a German finance ministry spokesperson on Monday.

The spokesperson confirmed ongoing efforts to develop this financing instrument, which was initially agreed upon at a G7 summit in June.

Starting next year, Germany plans to implement this initiative to bolster its military support for Ukraine. Any claims that Germany is diminishing its support volume were dismissed as incorrect by a government spokesperson.

(With inputs from agencies.)