💨 Abstract

Italy is working to implement a loan to Ukraine, backed by Russian assets frozen in the EU, as per an agreement reached at the G7 summit in June. Prime Minister Giorgia Meloni announced this, stating that it was an important outcome of Italy's G7 presidency. The loan will be supported by interest accrued from the blocked Russian funds. This announcement was made ahead of an EU leaders meeting in Brussels on Oct. 17-18.

Courtesy: theprint.in

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