G7 leaders agree to give Ukraine a $50 billion loan backed by profits from frozen Russian investments to help pay for the war-torn nation's recovery. Follow live updates:. https://www.cnn.com/europe/live-news/biden-zelensky-g7-summit-06-13-24
@BreakingNews I wonder exactly what that means? How does one gather profits from frozen investments? I am also curious what the investments are? If it's pensioner fund investments, the implications of the indirect and direct future damage are bleak, even if it's necessary.
Also, why is it a loan? Who are they paying back when the dust settles? Russia? Or the G7? Why are they loaning money that isn't theirs for an interest return to the victims of the country they're taking the money from?
@BreakingNews preferably the G7 would just donate the money from the investments and not ask for returns. If they're paying back Russia, that's messed up. But if they're paying back the G7, that's also kinda messed up. The G7 is essentially making a deal here that costs them nothing but earns them billions.