The Manila Times on Nostr: nostr:note15qxaewey0rxq0a0yy8y3jrmjmnf9dt43l8ccs3yx32ftcncyjtfqygv4jh

quoting note15qx…v4jh

G7 Makes Progress on Using Frozen Russian Assets to Support Ukraine
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#42d3e094 ver:0.69

G7 finance officials are making progress on using profits from frozen Russian assets to support Ukraine. They plan to leverage the interest accruing on the assets, which amounts to about $3 billion a year, to provide financial assistance. The US is pushing for loans against future interest income, potentially giving Ukraine $50 billion immediately. The final decision will be made by G7 national leaders at their summit in June. European officials have legal concerns and prefer using interest on the assets. The G7 also discussed China's green energy production and the global tax deal. #G7 #Ukraine #Russia #China...

#newstr #G7 #Ukraine #Russia #China #Trade #FrozenAssets

https://here.news/story/42d3e094?ver=0.69