Ukraine Secures $50 Billion Loan from G7

Ukrainian Economy Minister Yulia Svyrydenko hailed a $50 billion loan agreement from the G7, financed by interest from frozen Russian assets, as a significant victory. This agreement is seen as a strong message to Russia, demonstrating long-term support from Ukraine's international partners.


Reuters | Updated: 14-06-2024 00:32 IST | Created: 14-06-2024 00:32 IST
Ukraine Secures $50 Billion Loan from G7
Yulia Svyrydenko

Ukrainian Economy Minister Yulia Svyrydenko praised as a "big win" on Thursday an agreement to provide Ukraine with $50 billion in loans by using interest from frozen Russian assets.

"Big win for Ukraine at G7!" Svyrydenko wrote on X. "The G7 decision is an important signal to Russia. It once again demonstrates that our partners are ready to stand with Ukraine for the long haul."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback