FASANO, Italy—President Biden and key European leaders reached an agreement to finance Ukraine with a loan of up to $50 billion, backed by the profits on frozen Russian assets.
FASANO, Italy—President Biden and key European leaders reached an agreement to finance Ukraine with a loan of up to $50 billion, backed by the profits on frozen Russian assets.
Key details of the financing arrangement still need to be agreed, but the leaders, meeting at a summit of the Group of Seven major advanced economies, hope it will shore up Ukraine’s finances as it fights against the two-year-old Russian invasion.
Hi! You’re reading a premium article! Subscribe now to continue reading.
Subscribe now
…
