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."
This story is from the June 14, 2024 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 14, 2024 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
HOT TO THE TUCH
Thomas has so much talent at his disposal
Southgate showed me how to be smiles better
LAUGHS AND INSIDE JOKES BRING CUP TEAM TOGETHER
Buttler calling for the big two
ONE-DAY HOPES FOR STOKES AND ROOT
Aaron's determined to turn jeers into cheers
AARON WAINWRIGHT fully understands fed-up Wales fans have started voicing their grievances at the long and sorry plight of their side.
SKELTON HAS GREY-T EXPECTATIONS
DAN SKELTON has claimed Betfair Chase favourite Grey Dawning is \"as good as any staying chaser we've had at this stage of their life\".
Billionaire family fight for £21m Idol's Eye gem
A £21MILLION diamond known as the Idol's Eye is being fought over in London by Qatari royals.
Oakes brings fight for trees to No 10
ACTOR David Oakes joins campaigners in Downing Street to deliver a 100,000-name petition calling for historic trees to be protected by law.
Non, je ne regrette rien composer dies aged 95
THE French composer behind Edith Piaf's biggest hit died yesterday at the age of 95.
Davina out of intensive care after brain surgery
TV host Davina McCall has made an \"enormous leap forward\" in treatment for a brain tumour, her partner revealed yesterday.
Owner admits killer XL bully was out of control
A MAN whose XL bully mauled his neighbour to death yesterday pleaded guilty to owning an out-of-control dog.
