HeG7 has arrived toaagreement “provisional” for grant toUkrainealoan which will be financed with interest generated by the assets of the Russian central bank that are frozen in the European Union (EU) and especially in Belgium. That’s what they said to EFE two sources, one European and another who asked to be cited as familiar with the deliberations of the Group of Seven most industrialized countries (G7).

This last source indicated that heloan would be about 46,000 million euroswhile another source from the Elysée declared yesterday before the press that would ascend to 50,000 million. Of agreementto the European source and the one familiar with the deliberations, the countries’ negotiators, known as ‘sherpas’, have already arrived toaagreement “provisional“which you have yet to receive he formal approval from each of the leaders, although none are expected to block it.

It is expected that heagreement final be announced this Thursday when he President of UkraineVolodymyr Zelensky, participate together to group leaders in a specific session on Ukraine during the summit held in Apulia, in he Southern Italy. In he final summit communiqué, scheduled for let it be published he Friday after the closing session, it will also be reflected heagreementand it will be specified that he The goal is for the funds to reach toUkraine “before the end of the year”, according to a extract from the draft of that text seen by EFE.

Of agreementto that draft, heG7 will be limited to indicate in its final statement that it is collectively committed to provide financing forhe background for kyiv, that the countries of the G7 they call “Extraordinary Revenue Acceleration (EPA) Loans forUkraine“. However, according to the Elysée source and the source familiar with the deliberations of the G7, he United States Government will be he put the majority of the funds forheloantoUkraine in he that the future interests that will be generated with the Russian assets blocked in Europe will be used as collateral.

There are currently frozen in everything he world 260 billion euros of funds from the Russian central bankmost of it in the European Union and particularly in Belgium, which were blockaded after Russia launched its invasion on Ukraine in February 2022. The 260 billion euros of frozen Russian assets generate about 3 billion euros per year in profits, but this amount is insufficient for keep to float to kyiv, since it would only cover the financing needs of the Ukrainian Executive during a month.

That’s why, heG7 has decided to use future interests as a endorsement foraloantoUkraine which will be financed mainly by the United States and which seeks to help to Zelensky to rebuild your country and buy more weapons. The members of the G7 or other interested countries may supplement this fund with their own contributions, agreementto the Elysée source who spoke to the press yesterday, Wednesday.