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11mo ago

G7 Nations Bolster Long-Term Support for Ukraine Amid Global Uncertainty

Leaders commit to $50 billion loan and a security pact as they brace for potential shifts in US policy.

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The leaders of the G7 countries stand for a group photo at the annual summit, June 13, 2024, in Borgo Egnazia, Italy (AP photo by Alex Brandon).
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President Joe Biden and Ukrainian President Volodymyr Zelenskyy shake hands after signing a security agreement on the sidelines of the G7, Thursday, June 13, 2024, in Savelletri, Italy. (AP Photo/Alex Brandon)

Overview

  • G7 leaders agree on a $50 billion loan for Ukraine using interest from frozen Russian assets.
  • The US and Ukraine sign a 10-year security agreement to enhance military cooperation and intelligence sharing.
  • Concerns arise over the potential impact of a future Trump administration on the new agreements.
  • NATO defense ministers meet to ensure continuous support for Ukraine's security needs.
  • New US sanctions target Russian financial systems and individuals aiding the war effort.