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BARI, Italy — President Joe Biden and his counterparts from the wealthiest democratic nations reached a deal Thursday to give Ukraine a $50 billion loan this year backed by frozen Russian assets, signaling a sustained commitment to beat back Russia’s invasion, U.S. officials said.
Canada will contribute $5 billion to a new plan to help Ukraine in its fight against Russia as G7 leaders meet in Italy, according to a government official.
BORGO EGNAZIA, Italy (AP) — The United States and European countries have agreed to lock up sanctioned Russian assets until Moscow pays reparations for its invasion of Ukraine, a senior U.S. official said Thursday. The move clears the way for leaders to announce a $50 billion loan package for Kyiv at the Group of Seven summit, where President Joe Biden is set to sign a security agreement with Ukraine’s Volodymyr Zelenskyy.
A Group of Seven summit opened Thursday with agreement reached on a U.S. proposal to back a US$50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe’s political chessboard shifts to the right.
BORGO EGNAZIA, Italy (AP) — A Group of Seven summit opened Thursday with agreement reached on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe’s political chessboard shifts to the right.
NATO defense ministers gathered Thursday hoping to agree on a new plan to provide long-term security assistance and military training to Ukraine, after Hungary promised not to veto the scheme as long as it’s not forced to take part.
A Group of Seven summit is opening Thursday with agreement on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe's political chessboard shifts to the right.
Italy is hosting the summit of the Group of Seven leading industrialized nations in the wake of the European Parliament election, which saw a surge in support for the far right in places like G7 members France and Germany.