KYIV, July 16 – The allocation of $50 billion to Ukraine through the G7 countries attracting loans from income from frozen Russian assets will be one of the main topics of the upcoming meeting of G7 finance ministers, which will be held as part of the meeting of G20 finance ministers in Rio de Janeiro (Brazil) on July 25-26, European Commissioner for Economics Paolo Gentiloni said.

"We are working on a proposal which we aim to be able to present very soon, and I am encouraged by the widespread – I would say unanimous – support from Ministers for an adoption of this proposal as soon as possible," he said at a press conference in Brussels on Tuesday following a meeting of the Council of the European Union at the level of finance ministers (Ecofin).