G7 leaders finalize deal to use Russia assets for $50B Ukraine loan – POLITICO

Leaders of the Group of Seven have finalized a deal to use the profits of frozen Russian assets for a $50 billion loan to Ukraine, the G7 said on Friday.

"These loans will be serviced and repaid by future flows of extraordinary revenues stemming from the immobilization of Russian sovereign assets, in line with G7 respective legal systems and international law," the group said in a statement on the heels of a meeting of G7 finance ministers in Washington.

Leaders aim to start disbursing the funds by the end of the year.