G7 Leaders’ Statement on Extraordinary Revenue Acceleration (ERA) Loans

At the initiative of the President of the Council of Ministers, Giorgia Meloni, the G7 Leaders have adopted a statement announcing that they have reached an agreement to provide a total of approximately $50 billion in loans to Ukraine, backed by the profits deriving from frozen Russian sovereign assets. This important result confirms the commitment undertaken by the G7 Leaders during the Summit held at Borgo Egnazia, in Italy's Apulia Region, in June.