US, Europe agree to lock up Russian assets until it pays for Ukraine war, clearing way for $50B loan
BORGO EGNAZIA, Italy (AP) — The United States and European countries have agreed to lock up sanctioned Russian assets until Moscow pays reparations for its invasion of Ukraine, a senior U.S. official said Thursday. The move clears the way for leaders to announce a $50 billion loan package for Kyiv at the Group of Seven summit, where President Joe Biden is set to sign a security agreement with Ukraine’s Volodymyr Zelenskyy.