G7 to Use Frozen Russian Assets for $50 Billion Ukraine Loan

By admin June 14, 2024 No comment

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The G7 has agreed to utilize frozen Russian assets to raise $50 billion (£39 billion) for Ukraine to aid in its defense against Russian forces. President Joe Biden emphasized this decision as a signal to Russia that the support for Ukraine remains steadfast. However, Moscow has warned of “extremely painful” retaliatory actions. The funds, anticipated […]

G7 leaders to discuss €30bn loan for Ukraine using Russian assets

By admin May 20, 2024 No comment

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The G7 finance ministers are set to discuss whether Ukraine can receive an additional €30 billion loan from seized Russian assets totaling €270 billion. This proposal has sparked division within the G7, particularly between the US and Germany. While some advocate for full asset seizure, others, including Christine Lagarde, ECB president, raise legal and economic […]

NATO summit to witness G7’s unveiling of a comprehensive security plan for Ukraine

By admin July 12, 2023 No comment

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During the NATO summit, the G7 nations are expected to approve a long-term security agreement with Ukraine. The agreement will encompass provisions for defense equipment, training, and intelligence sharing. British Prime Minister Rishi Sunak emphasized that this agreement would send a strong message to Russian President Putin. The move comes after Ukrainian President

SCO summit: Putin says sanctions making Russia stronger

By admin July 4, 2023 No comment

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Russian President Vladimir Putin has reiterated his country’s opposition to Western sanctions following the invasion of Ukraine. Speaking at the virtual Shanghai Cooperation Organisation (SCO) summit, his first international address since the recent mutiny in Russia, Putin expressed defiance towards the West, stating that Russia would counter external sanctions and