USA News

The West agreed to provide Ukraine with 50 billion of Russian property

According to the Tasnim International News Agency, the Associated Press reported: The leaders of the Group of 7 agreed on Thursday to provide a $50 billion loan to Ukraine from the seized assets of Russia.

This plan, which was proposed by the United States, was agreed today at the meeting of the leaders of this group in southern Italy. The plan includes Russian-owned assets in the West that they seized due to Moscow's attack on Kiev.

The West claims that the aid money to Ukraine is used to rebuild the country after 2 years of attrition war with Russia.

This agreement will be formalized in the statement at the end of the summit in Italy.

About 260 billion euros ($280 billion) of Russian central bank funds have been seized around the world, most of them in the European Union. The annual profit from these financial resources is 2.5 to 3.5 billion euros, which the European Union says it does not contractually owe to Russia.

Ursula von Derlein, head of the European Union Commission, who attended the summit in Italy, claimed that the Group of 7 loan plan shows that Russian President Vladimir Putin is paying for the damage he is causing to Ukraine.

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Mhd Narayan

Bringing over 8 years of expertise in digital marketing, I serve as a news editor dedicated to delivering compelling and informative content. As a seasoned content creator, my goal is to produce engaging news articles that resonate with diverse audiences.

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