US, Europe agree to lock up Russian assets until it pays for Ukraine war, clearing way for USD 50 billion loan

The United States and European countries have agreed to freeze sanctioned Russian assets until Moscow pays reparations for its invasion of Ukraine. This move paves the way for a USD 50 billion loan package for Kyiv, with interest and income from the frozen assets to secure the loan. The agreement, to be announced at the Group of Seven summit, includes a bilateral security agreement between the US and Ukraine. However, the US will not commit troops directly to Ukraine's defense.
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