G7 unveils $50bn transfer plan from Russian assets to Ukraine
There is an agreement to transfer $50 (£39) billion from profits made via Russian assets to Ukraine. The Kremlin has reacted to this decision. Russian Foreign Ministry spokeswoman Maria Zakharova called it a "deceptive plan by Brussels."
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Initiated by Italian Prime Minister Giorgia Meloni, the G7 leaders have adopted a declaration announcing the agreement to transfer loans to Ukraine totalling approximately £39 billion, corresponding to the profits from frozen Russian assets, the Italian presidency of the "seven" announced on Friday evening.
The Kremlin has already reacted to this decision. "This decision is another deceptive plan by Brussels aimed at appropriating someone else's property, which the EU, along with the United States and other 'accomplices', has developed to compensate for its expenditures on financing the regime in Kyiv," it stated.
"This means that the money stolen from Russia, which should be used to service and repay loans given to Ukraine, will also be handed over to be held by Zelensky's most corrupt clique," she stated in an interview with TASS.
EU Declaration
"The G7 remains firm in its united support for Ukraine's fight for freedom, renewal, and reconstruction," reads the declaration from the leaders, who also assured their "unwavering" commitment to providing assistance for as long as necessary.
"Time is not on President Putin's side," they added.
