Will US & G7 Leaders Make Russia Fund Ukraine's $50 Billion Loan? | Vantage with Palki Sharma

The G7 summit starts tomorrow. Western Leaders are expected to hold discussions on using frozen Russian assets to provide financial assistance to Ukraine. The US has proposed a plan to extend a $50 billion loan to Ukraine. The loan could possibly be repaid by the interest generated from $280 billions of frozen Russian sovereign assets held in the West. This move has sparked controversy. While the West sees it as a way to support Ukraine and pressure Russia, there are concerns about its legality and potential consequences. Russia has threatened to retaliate against the West, if they go ahead with this plan. The EU believes they can defend themselves in court, but there is a risk of a prolonged legal battle. Moscow has responded by signing a decree allowing them to seize Western assets held in Russia, potentially worth $290 billion. This tit-for-tat action could escalate tensions further. Palki Sharma tells you more.