G7 leaders agree to lend Ukraine billions of dollars using Russian frozen assets

Diplomats confirmed that compliance with this agreement was even reached before leaders arrived in Italy for the three-day G7 summit.

Details of the agreement will be discussed during their meeting in Italy, but Kiev is expected to receive the money by the end of this year.

Ukraine's president, Voldymyr Zelensky, will also be in Italy and is expected to sign another bilateral security agreement with US President Joe Biden.

G7 countries, Canada, France, Germany, Italy, Japan, Great Britain and the United States froze Russian assets worth about $300 billion, shortly after Moscow began its neighbor's invasion in February 2022.

Earlier this week, Zelensky said he expects to provide billions of euros from allied countries for the protection of Ukraine and for the reconstruction of his post-war country.

The war in Ukraine began on February 24, 2022.

Russian President Vladimir Putin calls war <x0 military special operation” to demilitarise Ukraine.

The West has responded to Russia, striking the economy of this state with severe sanctions.

As a result of the war, thousands have died, and millions of others have been displaced from their homes.