FT: US pushes G7 to give Ukraine loan secured by Russian assets

The US is pushing G7 countries to give Ukraine a loan secured against future proceeds from frozen Russian assets, The Financial Times writes, citing Western officials.

“Washington’s G7 allies are starting to look more interested in a US plan to provide tens of billions of dollars in funding to Ukraine ahead of Donald Trump’s potential return to the White House,” RIA Novosti quoted the publication as saying.

The plan is expected to be discussed at the G7 summit in June. Thus, Ukraine may receive about $50 billion already this summer.

Earlier, The Wall Street Journal, citing sources, reported that foreign bondholders are planning to press Ukraine so that the authorities start paying interest on their obligations no later than 2025.

Managing Director of the International Monetary Fund Kristalina Georgieva estimated Ukraine’s needs for 2024 at $42bn.