WASHINGTON, D.C. — Leaders of the Group of Seven (G7) wealthy democracies have finalized details surrounding a $50-billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after it invaded Ukraine, according to a statement released on Friday.
The G7 leaders said they "have reached a consensus on how to deliver" the loans of approximately $50 billion, with an aim to start disbursing funds by the end of this year.