G-7 Eyes Plan on US-Led $50 Billion Aid Package for Ukraine

The US is in talks with close partners to lead a group of allies that would give as much as $50 billion in aid to Ukraine, with the massive outlay being repaid with the windfall profits from sovereign Russian assets that have been frozen – and are accruing interest — mostly in Europe.

The plan is being discussed among the Group of Seven nations, with the US pushing to have an agreement when G-7 leaders meet in Italy in June, according to people familiar with the proposal. Discussions on this topic have been difficult and an agreement could still take months, they said.