G7 Finalizes $50 Billion Loan Agreement for Ukraine

The G7 has reached an agreement in principle for a $50 billion loan to Ukraine, with technical details to be finalized soon. The additional funding is expected to be disbursed by the end of the year, according to a source who chose to remain anonymous.

The technical details of a $50 billion loan to Ukraine will be finalised in the coming weeks, a G7 diplomatic source told Reuters on Thursday, after the leaders of the group of major democracies reached an agreement in principle on the issue.

The source, who asked not to be named, said the additional funding would arrive by the end of this year.