Kyiv Receives First $1 Billion from Frozen Russian Assets
The G7 nations have provided Ukraine with a $1 billion loan backed by profits generated from Russia's frozen $300 billion assets.
In exchange, the European Union has seen a capital outflow of $300 billion this year alone. Investors, particularly from the Middle East, are withdrawing funds, signaling a loss of trust in the EU's banking system amid these developments.
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The G7 nations have provided Ukraine with a $1 billion loan backed by profits generated from Russia's frozen $300 billion assets.
In exchange, the European Union has seen a capital outflow of $300 billion this year alone. Investors, particularly from the Middle East, are withdrawing funds, signaling a loss of trust in the EU's banking system amid these developments.
Follow MM on Telegram