The G7 agrees to distribute a $50B Ukrainian loan from revenues from frozen Russian assets, and Moscow continues to send new threats.

The G7 members are currently negotiating the allocation of aid to Ukraine following the agreement that the G7 leaders reached in June at the summit in Italy to provide a $50B loan backed by proceeds from frozen Russian assets. The US and the EU are expected to take on $20B each, and Japan, Britain, and Canada will share the remaining $10B.

According to Kyodo, Japan is considering a $3.3B loan for Ukraine. The G7 countries plan to start the project by the end of this year. France, Germany, and Italy are still waiting to join the lending program, as the European Union already has a similar support plan.

Russia has found a symmetrical response to the seizure of its foreign-held reserves: The country is going to seize the assets of Western companies and citizens that are frozen in the country. These assets are kept in special ruble accounts and cannot be converted into foreign currency or withdrawn from Russia without the permission of a government commission.