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India is reassessing its approach to free trade agreements (FTAs) as it has signed 13 so far and is negotiating more. Analysis by the Global Trade Research Initiative reveals that India's trade deficit with key FTA partners—ASEAN, South Korea, and Japan—has surged significantly, outpacing its global trade deficit.
G7 leaders have finalized a $50 billion loan deal for Ukraine, to be repaid using profits from over $250 billion in Russian assets frozen after the invasion. The U.S. will contribute $20 billion, while the EU plans to allocate up to €35 billion, with additional funds from the U.K., Canada, and Japan. The loans will begin disbursing on December 1 and are expected to address Ukraine's urgent financing needs until the end of 2027.
G7 leaders have agreed to a $50 billion loan for Ukraine, utilizing interest from frozen Russian central bank assets as collateral. The U.S. will contribute $20 billion, with the remaining $30 billion coming from the EU, UK, Canada, and Japan. This unprecedented move aims to support Ukraine's economy and military in response to Russia's invasion.
The UK will loan Ukraine £2.3 billion ($3 billion) for military equipment, funded by profits from frozen Russian assets. This initiative is part of a broader $50 billion support package from the Group of Seven nations and the European Union, with the UK detailing its contribution for the first time.
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India's trade strategy under scrutiny amid rising FTA trade deficits
07:12 28.10.2024
G7 leaders agree on 50 billion loan for Ukraine using Russian assets
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13:08 26.10.2024
g7 allies approve 50 billion loan for ukraine using frozen russian assets
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16:41 23.10.2024
UK loans Ukraine 2.3 billion using profits from frozen Russian assets
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01:01 22.10.2024
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