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In June, the leaders of the Group of Seven countries agreed on a $50bn loan to Ukraine secured by frozen Russian state assets. However, the process is moving slowly, the Financial Times reports. Washington is demanding ironclad guarantees that Russian assets, most of which are frozen in the EU, will remain blocked until Russia pays reparations to circumvent the need for congressional approval for the funds. Today, the European Commission will present options for extending sanctions against Russia for 36 months or indefinitely for discussion with EU ambassadors. However, the decision requires t…

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