On October 25, 2024, leaders of the G7 nations announced a plan to extend loans totaling approximately $50 billion to Ukraine. This decision was made during a joint statement issued by the member countries.
The loans will be serviced and repaid using revenues from frozen Russian assets, according to the leaders. They emphasized their commitment to international law and their respective legal systems in the process.
The G7 plans to begin disbursing these funds by the end of 2024, with allocations aimed at supporting Ukraine's recovery efforts, as well as addressing budgetary and military needs.