FILE PHOTO: Ukraine's Defense Minister Rustem Umerov, French Defence Minister Sebastien Lecornu, Britain's Secretary of State for Defence John Healey, Japan's Defence Minister Gen Nakatani, Italy's Defence Minister Guido Crosetto, Canada's Minister of National Defence Bill Blair, German Defence Minister Boris Pistorius, US Secretary of Defence Lloyd J. Austin, European Union foreign policy chief Josep Borrell and NATO Secretary General Mark Rutte and pose for a photo during the G7 Defence Ministers meeting in Naples, Italy October 19, 2024. REUTERS/Ciro De Luca/File Photo
ROME/WASHINGTON (Reuters) - Leaders of the Group of Seven wealthy democracies on Friday reached consensus on delivery of some $50 billion in loans to Ukraine backed by the earnings from frozen Russian sovereign assets starting as early as December.
"These loans will be serviced and repaid by future flows of extraordinary revenues stemming from the immobilization of Russian Sovereign Assets," the G7 statement said.
