Washington’s G7 allies are warming to a US plan to rush tens of billions of dollars in funding to Ukraine before Donald Trump’s potential return to the White House.
Under the plan, set to be discussed at a June summit, Kyiv would receive money upfront from a G7 loan. The loan would be backed by future profits generated from around $350bn of Russian assets which have been immobilised in the west in response to Moscow’s full-scale invasion of Ukraine.
Some G7 members have been reluctant to endorse the plan but their sentiments have shifted after a diplomatic push by the US, which is seeking to secure agreement at a summit of G7 leaders next month, according to eight western officials.
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