G7 finance ministers to discuss $50 billion loan plan for Ukraine - Reuters

According to the agency, the talks will take place on the sidelines of the meeting of G7 finance ministers in Brazil.

A senior US Treasury official told reporters that the G7 meeting is unlikely to reach an agreement or make a statement, but it is important for finance ministers to analyze the technical details of the loan plan for Ukraine.

Reuters says that to provide a loan, the US requires the EU to freeze Russian assets at least until peace is achieved in Ukraine.

Such conditions contradict the EU's sanctions regime, as the restrictions must be renewed every six months. This leaves open the possibility that "underlying assets could be released".

An unnamed US Treasury official said that Washington has made it very clear to its partners that they need to be assured that the assets will not return to Russian control.

"And so, from our perspective, something that makes that very clear would give us the security to make sure we know this loan could go through," he added.

However, the official did not disclose how this assurance could be achieved.

According to Reuters, EU ambassadors have already discussed options for meeting the US requests. They considered either an "open-ended" extension of the asset freeze or an extension of the restrictions for up to three years.

What happened before

In June, the leaders of G7 countries agreed to provide Ukraine with a $50 billion loan during the summit.

According to the final communiqué, the funds must be transferred to Ukraine by the end of this year. However, the details of the loan have not yet been agreed upon.

In particular, it remains unclear how much of the loan will be provided by each of the G7 members.