The massive loan will be used to help rebuild the war-ravaged nation, paid for by using Russian assets frozen following the 2022 Kremlin-backed invasion.
The Prime Minister said Britain had led the way in securing the deal, announced last night.
He said the "unprecedented and complex" package had been two years in the making and would help thwart Putin's invaders.
Speaking to reporters at the two-day summit in Puglia, Italy, Mr Sunak said: "What we're announcing is a game-changing package of support for Ukraine that will be funded from the G7.
"And it will be funded by the profits on the seized Russian assets.
"It's fantastic news. It's something that I, personally, and the UK have been leading on and championing for some time now.
"So to get it over the line is obviously great news.
"And it just demonstrates the G7 is completely united in doing whatever it can and whatever it takes to support Ukraine to defend against Russian aggression.
Sanctions
"The money is provided by the G7 as a loan and then secured against the profits of the assets that have been immobilised."
Esta historia es de la edición June 14, 2024 de Daily Express.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 14, 2024 de Daily Express.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
SCHAR IS SPOT ON AS TOON LACK FIZZ
Hosts beat dogged Dons a year after glamour night
Nurture health and wealth for best retirement
AS PEOPLE live longer pensioners now expect to be retired for 27 years on average which is good news but there's a catch, as their retirement sayings may not last as long as they do.
City rampage puts the Brat pack in the shade
RECORD FOR HAALAND AS McATEE BAGS FIRST
TFRE BELLBED Peet could be greatest coach ever at Warriors TFRED
WIGAN LEGEND OFFIAH HAILS MATTY
Mayhem for motorists
Lorry plunges 60ft from M6 viaduct during rainstorm
'We deliver fruit to school because when I was seven we could never afford it'
A NATIONAL Lottery retailer's experience of growing up in a single-parent family has made him determined to support the most vulnerable in his community.
Channel 4 spent £15,000 taking MPs who blocked privatisation to BAFTAs
CHANNEL 4 spent nearly £15,000 on hosting MPs at the BAFTA awards after they supported its fight against government privatisation plans.
High-flyers Wills and Becks hail £16m helicopters boost
DAVID Beckham played wingman to Prince William as a £15million target to replace London Air Ambulance's ageing helicopters was smashed.
Number of over-90s hits record high
THE number of people aged 90 and older has reached a record high, estimates for England and Wales show.
Hunt for acid attacker as girl, 14, hit outside school
A GIRL of 14 has suffered \"lifechanging\" injuries after being doused with acid by an e-scooter attacker.
