Today, Thursday, a summit of the G7 leaders kicks off in Italy amid expectations of reaching a political agreement on providing Ukraine with aid worth $50 billion through the profits from frozen Russian sovereign assets.

The "Bloomberg" news agency quoted a French official at the Élysée Palace stating that "the technical details of the deal will need to be finalized after the G7 leaders' summit held in Italy, which means it may take some time before reaching a final agreement."

These French statements came after U.S. officials indicated last Tuesday that the leaders of the seven major industrialized nations had reached a political agreement, while sources familiar with the negotiations in Paris and Washington said the goal would be "to grant Ukraine the profits from frozen Russian assets by the end of this year."

The group leaders hope to reach an agreement on using the interest profits on frozen assets of the Russian central bank worth €300 billion ($325 billion) to assist Kyiv, with the mechanism being to use the profits as collateral for a loan amounting to $50 billion.

The G7 participants warned that aside from any agreement, which is expected to be one of the main outcomes of the summit, some remaining issues about how it will operate remain complicated.

The complex issues that need to be resolved include determining how to structure any loans for Ukraine, how to share the risks among allies, and ensuring that the assets remain frozen for years.

The discussion about the frozen assets comes at a time when Washington intends to expand sanctions on the sale of semiconductors and other goods to Russia, targeting third-party countries like China, as it seeks to restrict the capabilities of the Russian war machine in Ukraine.