All G7 countries will contribute to a loan package worth some $50 billion to Ukraine backed by proceeds from immobilized Russian assets, European Commission President Ursula von der Leyen said on Thursday (June 13), Reuters reports.
"All G7 are contributing to this loan. It is the windfall profits from the Russian immobilized assets in Europe that will serve it," von der Leyen told reporters on the sidelines of a G7 summit in southern Italy that agreed the plan.
"The finance ministers are now going through the details - for example, the topic of backstops that are necessary - and (will) clarify this as soon as possible."
