US is engaged in discussions with allied states to form a coalition aimed at providing substantial financial assistance to Ukraine, Paralel.Az reports citin Bloomberg.

This assistance, totaling up to $50 billion, is proposed to be repaid through the windfall profits generated by frozen Russian assets, according to sources familiar with the matter.

The plan is currently under deliberation within the Group of Seven (G7), with efforts concentrated on reaching a consensus before the group's forthcoming summit in Italy, slated for June.

But discussions are reportedly heated, and it is expected that reaching an agreement could extend over several months, as per reports from unnamed sources.