Ukraine dominated discussions on the first day of the summit, with the G7 nations agreeing to a $50 billion loan for Ukraine this year backed by interest from frozen Russian assets.
German Chancellor Olaf Scholz hailed the loan as a 'very historic step' that sends a clear signal to Russian leader Vladimir Putin that he 'can't just sit this out.'
All G7 countries are expected to contribute to the loan and the cash should reach Ukraine by the end of the year.
Ukrainian President Volodymyr Zelenskyy signed a 10-year bilateral security agreement with the US on the sidelines of the summit, with Germany, France, and the UK also having similar agreements.
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