The G7, consisting of the United States, Germany, Britain, France, Canada, Japan and Italy, is meeting for a three-day summit in Italy's southern Apulia region starting Thursday.
The Russian invasion of Ukraine and the use of interest earnings from USD 325 billion in frozen Russian central bank assets are set to be key topics.
The USD 50 billion will be given to Ukraine as a loan, to be repaid with proceeds from these frozen assets.
According to the AFP, U.S. National Security Advisor Jake Sullivan mentioned this funding possibility during a press briefing on Air Force One en route to the summit. He suggested that G7 leaders will sign a declaration on using the frozen Russian assets to aid Ukraine.
While he did not elaborate on the specifics of the USD 50 billion loan, he indicated that the talks would focus on the general framework for utilizing Russian funds, with details to be worked out later.
(jh/gs)
Source: IAR, AFP