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Ukraine Secures $1B from Frozen Russian Funds; G7 Nations Back aid as Moscow Fumes over "Theft"

Video Credit: Oneindia - Duration: 03:17s - Published
Ukraine Secures $1B from Frozen Russian Funds; G7 Nations Back aid as Moscow Fumes over 'Theft'

Ukraine Secures $1B from Frozen Russian Funds; G7 Nations Back aid as Moscow Fumes over "Theft"

Ukraine has received $1 billion from a US-backed loan funded by frozen Russian assets, marking the first installment of a $50 billion G7 package aimed at supporting Ukraine's reconstruction.

This unprecedented move has sparked legal and political debates, with Russia condemning the asset seizure as theft and vowing to take legal action.

The International Monetary Fund warns such actions could undermine global financial trust.

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G7 G7 Intergovernmental political and economic forum

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