The G7 has agreed to use frozen Russian assets to raise $50bn for Ukraine.

The funds are expected by year's end and are a long-term solution to support Ukraine's war effort and economy.

At the G7 summit, Biden and Ukrainian President Zelensky signed a 10-year security deal for US military and training aid, without committing US troops.

The G7 and the EU froze $325bn in Russian assets after the 2022 invasion, generating $3bn in annual interest. This interest will pay off the $50bn loan for Ukraine.
(colombotimes.lk)