Loading...
Loading...
Browse all stories on DeepNewz
VisitG7 Summit in Italy Demands Russia Pay $486 Billion for Ukraine Damages
Jun 14, 2024, 03:37 PM
The G7 countries have issued a joint statement at a summit in Italy, asserting that Russia must pay $486 billion in damages caused to Ukraine. The statement emphasizes that Russian assets will remain frozen until the conflict in Ukraine ends and the damages are paid. The UK and G7 partners have committed to providing $50 billion in additional support to Ukraine, which will be repaid using profits from frozen Russian assets. The World Bank had previously estimated Ukraine’s recovery over the next ten years at $486 billion. The latest draft of the G7 statement also calls for Russia to end its illegal war of aggression.
View original story
Markets
No • 50%
Yes • 50%
Official financial transactions or statements from the G7 or other credible international bodies
No • 50%
Yes • 50%
Official statements or reports from G7 member countries or international financial institutions
Yes • 50%
No • 50%
Official statements or reports from the G7, World Bank, or other credible international bodies
No additional support provided • 33%
Full $50 billion provided • 33%
Partial amount provided • 33%
Official statements or reports from G7 member countries or international financial institutions
Russia pays partial amount • 33%
Russia pays full amount • 33%
Russia pays nothing • 33%
Official statements or reports from the G7, World Bank, or other credible international bodies
Assets partially unfrozen • 25%
Assets fully unfrozen • 25%
Assets remain frozen • 50%
Official financial statements or reports from the G7 or other credible international bodies