Canada to contribute $5B to Ukraine loan as G7 leaders reach accord on Russian assets

News Snapshot:

SAVELLETRI DI FASANO — Canada will contribute $5 billion toward a loan to Ukraine that will be based on future revenue from frozen Russian assets, Prime Minister Justin Trudeau announced Thursday in Italy. Leaders of the G7 countries have agreed to engineer a US$50-billion loan to help Ukraine in its fight against Russian invaders. It would use interest earned on profits from Russia's frozen central bank assets as collateral. The long-awaited decision came on the first day of the G7 leaders' summit taking place in Apulia, Italy. The three-day summit is an opportunity for collaboration among the leaders of the...