France supports the US proposal for a $50B loan to Ukraine, and Germany is ready to transfer profits to Ukraine.

The French government has given its support to the US government’s proposal to use frozen Russian assets, which increases the chances of reaching a preliminary agreement at the meeting of G7 finance ministers on the allocation of a large aid package worth up to $50B for Ukraine, French Finance Minister Bruno Le Maire said.

Earlier, he warned US authorities that the direct confiscation of assets would be in violation of international law and the standard practices of the global financial system.

“So far, the US has made proposals that are in line with international law, and we will work on them constructively and openly to reach an agreement on this fundamental issue by the end of the G7 meeting,” Le Maire said.

Two countries, France and Germany, already support the US plan, so the chances that it can be approved at the meeting of G7 leaders on June 13-15 are increasing.

Also, the German Ministry of Finance announced its readiness to redirect income from Russian assets to help Ukraine quickly.