The seven major industrialized countries have agreed on a multi-billion-dollar loan to be repaid with interest earnings from frozen Russian state assets. Since the beginning of Russia’s attack, approximately 280 billion dollars (about 260 billion euros) of Russian central bank funds have been frozen in Western countries, according to the US government. Discussions have long been ongoing about how the interest generated by these funds can benefit Ukraine. The G7 countries now intend to finance a 50 billion dollar loan with these interest earnings.