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G7 Eyes Plan For $50bn Ukraine Package - Bloomberg

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  • Bloomberg reports the G7 is eyeing a US-led plan for a $50bn aid package for Ukraine, according to people familiar with the proposal.
  • The US is pushing for an agreement in Italy in June, but discussions have been difficult and an agreement could still take months.
  • However, "with the massive outlay being repaid with the windfall profits from sovereign Russian assets that have been frozen – and are accruing interest — mostly in Europe", that should heavily limit financing implications.
  • Full story here.
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  • Bloomberg reports the G7 is eyeing a US-led plan for a $50bn aid package for Ukraine, according to people familiar with the proposal.
  • The US is pushing for an agreement in Italy in June, but discussions have been difficult and an agreement could still take months.
  • However, "with the massive outlay being repaid with the windfall profits from sovereign Russian assets that have been frozen – and are accruing interest — mostly in Europe", that should heavily limit financing implications.
  • Full story here.