REUTERS
October 26, 2024 at 08:50 JST
FILE PHOTO: Ukraine's President Volodymyr Zelenskiy attends a press conference, at the NATO headquarters in Brussels, Belgium October 17, 2024. REUTERS/Yves Herman
WASHINGTON--Group of Seven finance leaders said on Friday that $50 billion in bilateral loans to Ukraine backed by frozen Russian assets would become available for disbursements starting Dec. 1 through the end of 2027.
The G7 finance ministers and central bank governors said in a statement issued from a meeting in Washington that each bilateral loan would enter into force no later than June 30, 2025.
The U.S. on Wednesday announced it would provide Ukraine with a $20 billion loan, by year-end, with $20 billion from the EU and the remaining $10 billion split between Canada, Britain and Japan.
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