G7 allies move ahead with $50 billion loan for Ukraine backed by frozen Russian funds
Voice of America
Emergency workers clear the rubble after an overnight Russian attack with guided bombs in Zaporizhzhia, Ukraine, Oct. 21, 2024. (Ukrainian Emergency Service via AP)
Ukraine will receive $50 billion in loans, backed by frozen Russian assets, from Group of Seven allies, the White House said Wednesday. Distribution of the money will begin by year's end, according to American officials who said the United States is providing $20 billion of the total.
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