G7 Agrees to Use $50 Billion , in Frozen Russian Assets , to Fund Ukraine.<br />'The Independent' reports that G7 leaders reached <br />a deal to repurpose profits from frozen Russian <br />assets worth about $50 billion to support Ukraine.<br />'The Independent' reports that G7 leaders reached <br />a deal to repurpose profits from frozen Russian <br />assets worth about $50 billion to support Ukraine.<br />The decision was made after Ukrainian President <br />Volodymyr Zelensky said he expected the group to <br />make some "important decisions" at the summit in Italy.<br />G7 members agreed to provide funds with profits <br />earned on Russia's frozen central bank assets, most <br />of which are held by the European Union, as collateral. .<br />G7 members agreed to provide funds with profits <br />earned on Russia's frozen central bank assets, most <br />of which are held by the European Union, as collateral. .<br />Leaders expressed that the agreement <br />was meant to show unity in the face <br />of Russian aggression in Ukraine.<br />It’s a very strong message <br />to Putin that Putin cannot <br />outlast us, and we will stand <br />by Ukraine as long as it takes, Ursula von der Leyen, European Commission <br />president, via 'The Independent'.<br />It is not European <br />taxpayers that are <br />paying for the Russian <br />damage [in Ukraine] <br />but it is Russia, Ursula von der Leyen, European Commission <br />president, via 'The Independent'.<br />'The Independent' reports that the measure relies upon <br />dividends and maturities from approximately $300 <br />billion in assets frozen when Russia invaded Ukraine in 2022.<br />'The Independent' reports that the measure relies upon <br />dividends and maturities from approximately $300 <br />billion in assets frozen when Russia invaded Ukraine in 2022.<br />The decision comes as a major boost for <br />Ukraine as Kyiv fights through a grueling <br />2024 against a better-equipped Russia.<br />Finally, we see the first step of <br />fairness in making sure that the <br />aggressor, and not the good people <br />from countries that support us, <br />are paying for Ukraine’s victory, Kira Rudik, Opposition leader in <br />Kyiv’s parliament, the Verkhovna Rada, <br />via 'The Independent'.<br />We applaud this step. <br />We hope that it is only <br />the first of many more <br />steps. And we will use <br />this money wisely, Kira Rudik, Opposition leader in <br />Kyiv’s parliament, the Verkhovna Rada, <br />via 'The Independent'
