The upfront money for the loan will come from the United States, the European Union and other G7 countries, though the details on how much each entity contributes is being worked out.
The idea is to use the nearly $300 billion in Russian assets in the West, frozen after Moscow's invasion of Ukraine in February 2022, as the basis for the loan.
Rather than just providing Ukraine that yearly sum, which is relatively small given the war's demands, the G7 countries agreed on the loan, which could be provided to Ukraine by the end of the year.
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