The decision was announced on June 13, allocating $50 billion to Ukraine as part of the new Extraordinary Revenue Acceleration (ERA) loan program. “We have reached a political agreement to provide additional financial support to Ukraine of approximately $50 billion by the end of the year through a loan that could be paid for by additional proceeds from Russian assets frozen in our jurisdictions,” Italian PM Giorgia Meloni told journalists at the G7 summit. Meloni emphasized that Moscow’s assets are not being confiscated, rather the loan will be paid for by the interest revenues generated by th…