G7 countries are finalizing work on providing Ukraine with $50 billion from Russian assets - Blinken
The Group of Seven countries has moved to the final stage of work on allocating $50 billion to Ukraine using the proceeds of frozen Russian assets.
This was stated by U.S. Secretary of State Antony Blinken, Censor.NET reports citing Interfax-Ukraine.
"As part of our support for Ukraine, we are also finalizing the process of disbursing $50 billion secured on the basis of frozen Russian sovereign assets," Blinken said at a press conference following the G7 ministerial meeting.
He reminded that the United States had recently imposed new sanctions against Russia, in particular against Gazprombank.
Blinken noted that he also expects "further similar actions by the G7".
In June, participants of the G7 summit in Italy reached a political agreement to use the proceeds of frozen Russian assets to help Ukraine. It was about providing Ukraine with $50 billion by the end of this year.
