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Countries of the G7 have finalized a $50 billion loan for Ukraine, backed by profits derived from frozen assets of the Russian central bank, reports Bloomberg. The agency notes that this has paved the way for urgently needed aid to reach Kyiv as quickly as possible and significantly shielded critical funding from the outcomes of the US presidential election. “Today, we, the leaders of the Group of Seven have reached a consensus on how to deliver approximately $50 billion in Extraordinary Revenue Acceleration (ERA) loans to Ukraine. The loan proceeds will be disbursed through multiple channels …

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