Ukraine to Wait US Elections to Receive G7 Loan due to Hungary’s Decision

The Economic and Financial Affairs Council discussed the implementation of the G7 loan to be given to Ukraine with the revenues obtained from the frozen assets of the Central Bank of Russia in a meeting held yesterday. Speaking after the meeting, Hungarian Finance Minister Varga stated that they wanted the decision to renew EU sanctions against Russia to be made every 36 months instead of every 6 months after the presidential elections to be held in the US in November, making Ukraine ineligible to receive the $50B loan for now.