US and G-7 Plan $50 Billion Aid for Ukraine, Funded by Frozen Russian Assets

May 3, 2024, 06:57 PM

The United States, in collaboration with G-7 allies, is in discussions to provide Ukraine with up to $50 billion in aid. This financial support is to be funded by the profits from frozen Russian assets. The plan is being pushed by the U.S. to reach an agreement by the time of the G-7 summit scheduled to take place in Italy in June. The aid package is intended to be repaid using the windfall profits obtained from these sovereign Russian assets.