Last week, the seven most prosperous nations in the world, called the G-7, met in Rome, Italy. It decided to provide $50 billion in new bilateral loans to Ukraine, this time serviced by earnings from Russian assets currently frozen in Western banks and other investment institutions. The allocation breaks down into $20 billion from the United States and $20 billion from the European Union (including France, Germany, and Italy), with the remaining $10 billion provided by Canada, Japan, and the United Kingdom.
