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G7 finance leaders say $50 bln Ukraine loans to pay out through 2027

BY Reuters | ECONOMIC | 10/25/24 06:23 PM EDT

WASHINGTON, Oct 25 (Reuters) - Group of Seven finance leaders said on Friday that $50 billion in bilateral loans to Ukraine backed by frozen Russian assets would become available for disbursements starting Dec. 1 through the end of 2027.

The G7 finance ministers and central bank governors said in a statement issued from a meeting in Washington that each bilateral loan would enter into force no later than June 30, 2025.

The U.S. on Wednesday announced it would provide Ukraine with a $20 billion loan, by year-end, with $20 billion from the EU and the remaining $10 billion split between Canada, Britain and Japan. (Reporting by David Lawder; Editing by Andrea Rici)

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