Plans to use Russian funds to raise money for Ukraine

Top of the agenda is a plan by the G7 to approve the use of frozen Russian assets to raise billions of dollars for Ukraine.

The US proposal – which is expected to be approved – could raise $50bn (£39bn) a year for Ukraine, as well as applying fresh economic pressure to Russia.

The money would be provided in the form of a loan, secured against the interest on the Russian assets frozen by G7 countries since the start of the war.

It is hoped that, if passed, the plan would give cash-starved and war-weary Ukraine another vital lifeline.

-BBC

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ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

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