Group of Seven nations (G7) and the European Union (EU) are considering using profits from almost $300 billion frozen Russian assets to provide Ukraine with a substantial up-front loan, estimated at $2.6-$3.7 billion annually, and secure its financing through 2025.
This groundbreaking initiative is the first case in the history of reparations measures that addresses the needs of survivors without waiting for the aggressor country to pay damages.
Amid mounting uncertainties surrounding Ukraine's financial future, a proposal by the United States to harness future interest earned on frozen Russian assets to aid Ukraine is gaining momentum among the Group of Seven nations.