17/06/2024 (Agence Europe) – On Friday 14 June, the leaders of the G7 countries instructed their finance ministers to put into effect their agreement to lend Ukraine around $50 billion from 2025 to help it defend itself against Russian military aggression. The sums borrowed by each jurisdiction, the European Union on the European side, will be pledged against the current and future profits generated by the assets of the Russian Central Bank immobilised in the participating countries. Furthermore: “Russia’s sovereign assets in our jurisdictions will remain immobilised until Russia ends its aggression and pays for the damage it has caused to Ukraine”. For the EU, which has a specific regime (see EUROPE 13413/21), the decision on this bilateral loan would be based on ‘MFA+’ macrofinancial assistance to a third country, which does not require the unanimous agreement of the Member States. See the G7 press release: https://aeur.eu/f/co1 (MB)