Historic step and clear signal to Putin – Scholz on US$50 billion agreement for Ukraine

German Chancellor Olaf Scholz is convinced that the G7 plans to provide Ukraine with approximately US$50 billion in financial support, using frozen Russian assets, have been a clear signal to Kremlin leader Vladimir Putin.

Source: European Pravda with reference to Reuters  

Quote: "This is a very clear commitment that should embolden the Ukrainians to do what they need to to defend their independence and sovereignty.

And it is also a clear signal to the Russian President, that he can’t just sit this out and hope that fiscal problems in a country that backs Ukraine will one day let him win this war."

Details: Scholz said Putin was mistaken in thinking that international support for Ukraine would diminish over time. 

"This is a very historic step we're taking today," he emphasised.

Background:

• The G7 plan for Ukraine, announced on Thursday, 13 June, by Italian Prime Minister Giorgia Meloni is based on providing Kyiv with a long-term loan using the proceeds from about US$300 billion of confiscated Russian assets. 
• Earlier, the Élysée Palace reported that the leaders of the G7 member states reached an agreement.

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