G7 plans $50B aid to Ukraine, Russia denounces EU 'theft'
There is an agreement to transfer $50 billion from the profits of Russian assets to Ukraine. The Kremlin has reacted to this decision. Russian Foreign Ministry spokeswoman Maria Zakharova called it a "deceptive plan by Brussels."
1:56 PM EDT, October 27, 2024
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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 totaling approximately $50 billion, corresponding to the profits from frozen Russian assets—the Italian presidency of the G7 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 own expenditures on financing the regime in Kyiv," it stated.
This means that the money taken 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 an "unwavering" commitment to assist as long as necessary.
"Time is not on President Putin's side," they added.
