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The G7 countries will provide Ukraine with a $50 billion loan by the end of the year. It will be repaid using profits from Russian assets, according to the communiqué of the leaders following the G7 summit in Italy and the Ministry of Finance of Ukraine. The leaders of the G7 countries stated that they still aim to dispel the notion that time is on Russia’s side and that it will be able to cause Ukraine’s economic collapse. “With a view to supporting Ukraine’s current and future needs in the face of a prolonged defense against Russia, the G7 will launch Extraordinary Revenue Acceleration (ERA)…

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