G7 leaders agree on US$50B loan for Ukraine using frozen Russian assets
the leaders of the world’s advanced economies have all arrived here in southern Italy for the start of the G7 and already there’s progress on a massive Aid package for Ukraine $69 billion worth of loan provided to ke 5 billion of which will come from Canada backed by Russian assets that have been seized by Western countries something of the Canadian government’s long pushed for certainly the assets of the oligarchs their yachts and their manions but Canada’s gone beyond that and was the first country in the world to adopt legislation permitting us to confiscate Russian State Assets Now That’s controversial in international law and that controversy has led to a more watered down approach compared to what the Canadian government had hoped for the outright seizure of Russian assets but the plan is viewed as a way to Trump prove further Aid to Ukraine as the political futures of six of the seven leaders at the G7 including Justin Trudeau is up in the air now as for the prime minister’s first working day here in Italy he’ll meet one-on-one with Ukrainian President Vladimir zalinski as well as German Chancellor Olaf Schultz and French president Emanuel mcon as well as participating in group sessions with the other leaders but there’s also one potential meeting we’re all watching for here any sideline conversations between Trudeau and Indian president nen ra Modi who’s been an invited guest here at the summit now relations between the two countries are still sour after Trudeau alleged agents of the Indian government were behind the killing of a sick leader in Siri BC but as it stands now there’s no formal meeting on the books between the two leaders McKenzie gray Global News bar Italy
The leaders of the G7 countries have agreed to provide a US$50 billion loan to support Ukraine in its battle for survival amid Russian invasion.
The loan will be supported by the interest earned on profits from Russia’s frozen central bank assets.
Canada has also pledged to contribute $5 billion to the loan, which will be based on anticipated revenue from the frozen Russian assets.
Global’s Mackenzie Gray reports.
For more info, please go to https://globalnews.ca/news/10564208/g7-summit-ukraine-loan-deal/
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26 comments
Thieves will steal.
So thats where my hard earned tax dollars are going, war profiteering. 😮
That’s stealing!!!
"loan" this is like loaning money to a crack head or just throwing it down the toilet. Ukraine is a lost cause.
These are the greatest fools ever to walk this beautiful planet!
Give to your own money , not my tax money !!!! Canadian working hard not for ukranian government . Enough , help Canadian , foods , gas , rent money everyday going to up in Canada . Lots of homeless and hungry people in Toronto, did you not see this Canadian !!!!!
Canadians are being played…..
Hospitals, that are paid for, do not function well in Canada….but lets give out more money!
Nobody briefed this guy on how to pronounce "Sikh"?
That's great, why am I getting a 40$ loan to contribute to the 5 billion we are now sending? The loan for which I cannot pay off if i wanted to and will accrue interest over the next 30+ years? And that's added on to how much already?
Enough already, how many Ukrainians have died fighting for literally zero gain for how long now? I do not want to fund an Eastern European meat grinder!
G7 r u serious, seems to be don't want peace
G7 should all be in jail for breaking Nuremberg codes.
We literally have a water crisis in my city right now, our infrastructure failed leaving us without water for emergency and leaving us with possible indoor water restrictions and the possibility to run out of drinking water.. but sure, lets give 5 billion to another country.
Transfer of wealth from average citizens to defense contractors…so many needless dead in a war that shouldnt have happened
Trudeau does not belong in this picture. He threw our truckers into jail for protesting……
Leaders agree. But with so many struggling to house and feed themselves, I’m sure a referendum on throwing billions at Ukraine would lose.
When your country can give billions of dollars to a foreign country then you are paying too much in taxes.
How shameful to give our tax dollars to Ukraine military instead of helping our people. Bush Sr, Mitterrand, Tatcher, Kohl, all made a agreement with Russia to leave Ukraine neutral of their mutual military in exchange for reunification of Germany. James Baker, the secretary of state of the US, agreed with PM of Russia, Then Mickael Gorbachev and his secretary Edward Shevernatze, to leave Ukraine neutral for Russia security. Shame on Biden, he is totally responsible for that War and the 1 million deaths
Great, we provide provocation, and then arms to ramp up the war. We then create a prohibition like market for food and energy which allows us to charge exorbitant prices. Now we are loan sharking to Ukraine to help them pay the extortion money for protection. The G7 meets up like gangster bosses to carve up the territory and profits. Organized crime…
Why is so much money going to Ukraine are they hiding .oney there. If trudeu therr its shady
Frozen Russian assets…Canada has that much frozen Russian assets?
Omigod.
Don't worry folks it is not really that much our dollar is running at .72 cents on the dollar
The best part is everyone of them have less than 25% approval rating and will all be replaced in their next elections.
G7 – Thieves
Russia will prevail in this conflict. No amount of military aid to UA will ever change anything on the battlefield.
They lining their own pockets with the stole Russian cash Looolllll "we legally authorize ourselves to legally steal all this cash"
This is a gross violation of international laws! How can a group of people steal someone else's money, loan it to others, and be proud of their misuse of power? History has its own way of speaking: power is not constant. One day, power will transition from the West to the East. On that day, you will have to repay every single penny taken through the colonization and exploitation of the eastern hemisphere.