The U.K. and Canada will join a European Union plan to tap a portion of the almost $300 billion in Russian central-bank assets held by Group of Seven nations, in an effort to ramp up their financial support to Ukraine.
European allies are nearing an agreement to provide loans through a mechanism that would avoid them having to seize the assets outright, according to Western officials, who described it as an important step in ensuring Ukraine’s financial security.
The loans would help the country purchase weapons, including from the U.S., after President Donald Trump’s administration decided to start charging for them. They’d also aim to bolster Ukraine’s wider economy.
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