New Delhi: There is a war going on between Ukraine and Russia. In the middle of the war there is a big news. Ukraine is preparing to defeat Russia with Putin’s money. In fact, America can give a loan of about 50 billion dollars to Ukraine. The US will provide this aid only with money confiscated from Russia. A deal may be struck between the US and Ukraine soon.
Let us tell you that President Joe Biden is meeting with G7 leaders in Italy this week. This deal can be approved in this meeting only. The Biden administration is leading a campaign to persuade the leaders of the G7 countries – the UK, Canada, France, Germany, Italy and Japan.
The ultimate goal is to iron out some of the tougher financing details in the coming days, the sources said. So that the agreement could be announced as part of the G7 leaders’ communications this week. But questions about the mechanism of such a program — including the exact form of distribution and payment assurance — are still pending.
Why America wants to give money
U.S. officials argue that approving such a loan is imperative because of Ukraine’s dire situation. Officials, however, are optimistic that the details behind the loan package of up to $50 billion have yet to be finalized. But the G7 nations agree on the urgency of the moment and Ukraine’s desperate need for a lifeline.
U.S. officials say rallying the world’s richest economies behind such a plan would send a clear message to Russian leader Vladimir Putin that Russia cannot tolerate continued support for Ukraine from the U.S. and its allies.
Tags: America News, Russia Ukraine war
First published: June 10, 2024, 13:31 IST