Ukraine will get $ 50 billion loan from Russia’s assets, deal done in G7

Leaders from around the world have gathered at the G7 Summit being held in Italy at this time. Apart from the group country, they have also joined the outreach country. Russia has suffered a major setback here. There has been a deal in the G-7 that Ukraine will get a loan of $ 50 billion from Russia’s assets. At the same time, on this loan deal, Russia said that its result will be very painful.

Bilateral agreement between America and Ukraine

The G-7 has decided to use Russia’s confiscated assets to raise a loan of 50 billion for Ukraine. Also, US President Joe Biden said that this is a challenge to Russia, if it does not stop its actions, then we are not going to back down. At the same time, Russia said on the loan deal that its result will be very painful.

Why loan to Ukraine

This loan is being arranged for Ukraine so that it can prepare for war with it. And this money is also being seen as a long-term solution to support the Ukrainian economy. Let us tell you that in the G-7, Ukrainian President Volodymyr Zelensky and US President Joe Biden signed a bilateral security agreement between the two countries for 10 years. Kiev has described this agreement as historic.

What else was discussed in the agreement

This agreement talks about US military and training to Ukraine. However, there is no mention of the fact that America will be obliged to send its troops in the war.

What is G-7

The G-7 is a group of seven countries. The US, Britain, France, Italy, Germany, Canada and Japan are part of this group. The G-7 member countries currently represent about 45 percent of global GDP and more than 10 percent of the world’s population. Earlier, it was expanded as G-8 with the inclusion of Russia between 1997 and 2013. Russia’s membership was suspended in 2014 after the occupation of Crimea.