G-7 to Announce ‘New Steps’ on Frozen Russian Assets, US Says
- Allies aim to deliver billions in aid from Russian assets
- US predicts ‘unanimity’ though details still under discussion
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Group of Seven leaders will announce moves to deliver fresh aid to Ukraine based on the value of frozen Russian financial assets this week, the US says.
The development indicates that leaders have all but agreed on a political deal to announce a loan of roughly $50 billion, financed by a complex pact to offer Ukraine further financial assistance guaranteed by proceeds from the assets.