G7 nod to $50 bn Ukraine aid using Russian assets
Business Standard|June 14, 2024
Loan structure based on size of economies; money may start flowing by yr end
G7 nod to $50 bn Ukraine aid using Russian assets

Group of Seven nations have agreed on a loan syndicate based on the size of their economies to provide Ukraine with about $50 billion of fresh aid starting to flow by the end of the year, according to people familiar with the matter.

After months of discussions on how to use the profits generated by frozen Russian sovereign assets, the plan is set to win the backing of leaders at a summit in Italy this week. G7 nations would give out loans to Ukraine that will be repaid using the profits generated by the roughly $280 billion of blocked funds, most of which lie immobilised in Europe.

A senior US official said the United States had agreed to provide up to $50 billion itself, but that amount could decline significantly as other countries announced their participation.

هذه القصة مأخوذة من طبعة June 14, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة June 14, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
India on top of luxury firms' 'watch' list
Business Standard

India on top of luxury firms' 'watch' list

Country's appetite for premium watches grows as China sees a downturn

time-read
3 mins  |
October 10, 2024
Brand Maggi stronger than ever as Nestlé India gears up for new leader
Business Standard

Brand Maggi stronger than ever as Nestlé India gears up for new leader

Nothing has presented \"two minutes\" as tastefully as Maggi since its entry into India over four decades ago.

time-read
2 mins  |
October 10, 2024
BURNING ISSUE
Business Standard

BURNING ISSUE

Minimum support price has been a bone of contention between the farmers in Punjab and the state and Centre

time-read
3 mins  |
October 10, 2024
Missing funds went to legitimate purpose, says Byju's founder
Business Standard

Missing funds went to legitimate purpose, says Byju's founder

The founder of Byju's, a once high-flying Indian education company that defaulted on its US debts, denied that he orchestrated a scheme to fraudulently transfer $533 million away from lenders.

time-read
2 mins  |
October 10, 2024
97% rail electrification done
Business Standard

97% rail electrification done

Indian Railways has completed electrification of 96.68 per cent of its broad gauge network, as it moved swiftly to become fully-electrified by 2024-25. Six more states now have 100 per cent electrified networks, taking the number of such states to 20, according to the national transporter's data.

time-read
1 min  |
October 10, 2024
Fortified rice supply, border roads get ₹21K cr Cabinet push
Business Standard

Fortified rice supply, border roads get ₹21K cr Cabinet push

2,280 km roads to be built in Rajasthan, Punjab border areas

time-read
2 mins  |
October 10, 2024
Business Standard

More upside in Zomato's stock, but competition also rising

The filing of Swiggy's DRHP has led to direct comparisons with Zomato, which is a direct competitor in food delivery and the fast-growing quick-commerce segment where Blinkit (owned by Zomato) faces off against Instamart (and Zepto).

time-read
2 mins  |
October 10, 2024
Business Standard

No irregularities found in Sebi probe: Zee panel

The Independent Investigation Committee (IIC), set up by the board of Zee Entertainment Enterprises Limited, said that \"no material irregularities\" were found against the company during the investigation by the securities regulator, it said in a release on Wednesday.

time-read
1 min  |
October 10, 2024
India set to join FTSE Russell bond index next year
Business Standard

India set to join FTSE Russell bond index next year

South Korean bonds to be added to FTSE World Government Bond Index

time-read
2 mins  |
October 10, 2024
Mkts erase gains amid sustained FPI selling
Business Standard

Mkts erase gains amid sustained FPI selling

India's benchmark indices made positive strides for the second consecutive session on Wednesday, but sustained selling by overseas investors saw them erase their gains.

time-read
1 min  |
October 10, 2024