How will move to lend Ukraine billions backed by Russia’s frozen assets work?

Ukrainian President Volodymyr Zelensky arriving at the G7 summit in Borgo Egnazia, Italy (Sean Kilpatrick/The Canadian Press via AP)

Leaders of the Group of Seven wealthy democracies have agreed to engineer a 50 billion dollar (£39 billion) loan to help Ukraine in its fight for survival.

Interest earned on profits from Russia’s frozen central bank assets would be used as collateral.