G7 countries have signaled they will release $50 billion of frozen Russian assets to finance Ukraine.
The money will be used to help Ukraine quickly buy everything from weapons to investments in rebuilding its energy infrastructure.
And on the sidelines of the G7, German Chancellor Olaf Scholz spoke to reporters about the plan, foreign media write.
“This is a very strong commitment, which, by the way, gives the people of Ukraine the courage to do what is now necessary to protect their independence and sovereignty,” he was quoted as saying.
“It is also a clear signal to the Russian president that he cannot hope that because of fiscal problems in some countries that today support Ukraine, he will one day win this war.”
“He will not achieve this.”
Otherwise, the G7 countries have agreed on a 50 billion dollar deal to finance Ukraine.
The money will come through various frozen Russian assets.
“I confirm to you that we have reached a political agreement to provide additional financial support to Ukraine of about 50 billion dollars by the end of the year,” Italian Prime Minister Giorgia Meloni said.
French President Emmanuel Macron also confirmed the deal would go through.
