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.
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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.
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