New Delhi: There is a war going on between Ukraine and Russia. A big news has come amidst the war. Ukraine is preparing to defeat Russia with Putin’s money. Actually, America can provide a loan of about 50 billion dollars to Ukraine. America will provide this help with the seized Russian money. Soon a deal can be made between America and Ukraine.
Let us tell you that President Joe Biden is meeting with G7 leaders in Italy this week. This deal can be sealed in this meeting. The Biden administration is leading a campaign to persuade the leaders of the G7 countries – UK, Canada, France, Germany, Italy and Japan.
The ultimate goal is to iron out some of the most difficult financing details in the coming days so that an agreement can be announced as part of the G7 leaders’ communication this week, the sources said. But questions about the modalities of such a program – including the exact form of disbursement and repayment assurances – are still in the pipeline.
Why does America want to give money?
US officials argue that approving such a loan is urgent because of the dire situation in Ukraine. Even though the details behind the loan package, which officials expect to be worth up to $50 billion, have not yet been finalized, the G7 nations agree on the urgency of the moment and Ukraine’s dire need for a lifeline.
US officials say the coming together of the world’s richest economies behind such a plan would send a clear message to Russian leader Vladimir Putin that Russia cannot survive long without continued support for Ukraine from the United States and its allies.
Tags: America News, Russia ukraine war
FIRST PUBLISHED : June 10, 2024, 13:31 IST