Is more money just prolonging the agony?
Last week, the seven most prosperous nations in the world, called the G-7, met in Rome, Italy. It decided to provide $50 billion in new bilateral loans to Ukraine, this time serviced by earnings from Russian assets currently frozen in Western banks and other investment institutions. The allocation breaks down into $20 billion from the United States and $20 billion from the European Union (including France, Germany, and Italy), with the remaining $10 billion provided by Canada, Japan, and the United Kingdom.
The G-7 Nations Supply Loans
While money will be distributed to the embattled Eastern European country starting in December, there is still no strategy for ending the conflict. Ukraine President Volodymyr Zelensky has touted a way to end the fighting, but the unclassified portion of the…
