G7 leaders agree on US$50B loan for Ukraine using frozen Russian assets

The leaders of the G7 countries have agreed to provide a US$50 billion loan to support Ukraine in its battle for survival amid Russian invasion.

The loan will be supported by the interest earned on profits from Russia's frozen central bank assets.

Canada has also pledged to contribute $5 billion to the loan, which will be based on anticipated revenue from the frozen Russian assets.

Global's Mackenzie Gray reports.

#GlobalNews #G7 #Ukraineaid #russiaassets

More money for foreign wars while our own country collapses. What a great world we live in

[georgesimon]

Another $5 Billion Canada does not have. What do Canadians get other than debt.

[Sardarkhankhan-ypob]

$5 billion from Canada We are literally jobless and homeless in this country What about your OWN citizens TRUDEAU

[sergeikhripun]

It's called a theft. First, it was the truckers and then it was the Russians, and then...

[deanroy]

How can a country more than a trillion dollars in debt afford to donate any money to anyone 🤔🤨🤨

[cameronschultz]

Look at Trudeau, standing there like the court jester he is

[SOURCECODE_GAMEON]

No joke, Western Countries are continually crying there is no money for health care, schools, housing or to fight homelessness. Mean while they Got 50Billion to lend out. Has the Time come to Flip this broken curruprt System? 🤔

[JoeOsChannel]

G7 loaning out stolen money....what a bunch of crap

[ZenCorvus]

Loan, a word used when people pay it back.

Don't expect anything paid back.

It'll go from losing the war to rebuilding Ukraine.

[MrWallace]

Trudeaus working day? Are you serious? He doesn’t know what working means

[TheMoniquebean]

And the money laundering train keeps on chugging. These politicians will be very rich very soon.

[KnightWarrior-qnul]

Imagine spending 5 billion on the collapsing healthcare.

[knightofdarknes]

He meets with Zelinski more than canadian citizens.

[davemacdonald]

A loan to an undemocratic country...what could go wrong!
JT, it is NOT your money!

[Aragorn]

How is this still allowed? Did anyone vote for giving away their country's tax dollars?

[reeefrog]

im sure stealing russian state assets will have no repercussions.

[fyruiii]

World leaders give a country money to defend themselves...rather than stopping the war.

[kelvinmann]

50B loan?? So what are the terms? Interest %? Over how long? How do they figure on paying that loan off while paying to rebuild their country? 🙄

[uycfynu]

The WEFs good little boys are all together

[kfxiudo]

sounds like the assets are not frozen but stolen?