In a post on Telegram, he stated, “A large part will be devoted to Ukraine, our defense, and economic resilience.”
According to the White House, the G7 has advanced the US plan to leverage frozen Russian assets to raise $50 billion (£39 billion) annually for its nation.
It is also anticipated that Mr. Zelensky, who is attending the meeting, will ink new security agreements with the US and Japan.
Since Russia’s full-scale invasion of Ukraine in 2022, the G7 countries—Canada, France, Germany, Italy, Japan, the UK, and the US—have been significant military and financial backers of the country.
Following Moscow’s invasion of Ukraine, the EU and the organization blocked $325 billion worth of Russian assets.
Countries are not allowed to take those assets from Russia and deliver them to Ukraine under international law.
However, marijuana is attracting a lot of interest—roughly $3 billion annually—so the plan is to make innovative use of that desire.
The strategy calls for taking out a debt on foreign markets, giving the Ukrainians an annual allocation of roughly $50 billion, and using the remaining $3 billion to cover the loan’s interest.
Though very simple in sound, it is incredibly intricate. Many technical issues still need to be resolved.
