US and Ukraine’s EU allies rush to agree deal on Russian assets ahead of G7
6 months, 1 week ago

US and Ukraine’s EU allies rush to agree deal on Russian assets ahead of G7

Al Jazeera  

Rome, Italy – US officials are trying to get European allies on board for a deal to present at the G7 leaders summit later this week on how to use the interest from Russian frozen assets to support war-torn Ukraine. We believe it’s a priority for the entire G7,” US President Joe Biden’s national security adviser, Jake Sullivan, said last week. “The US wants to bring this as a tangible result to the G7 – so there will be a deal, but it will be limited and with thousands of strings attached,” said Marta Dassu, director of European affairs at the Aspen Institute think-tank and a former deputy minister of Italy’s foreign affairs office. This is the last G7 before a potential shift in the White House administration that could have radical consequences for Ukraine should former US President Donald Trump win.

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History of this topic

US unveils $500m military aid for Ukraine as Russia closes in on key city
1 week, 4 days ago

US unveils $500m military aid for Ukraine as Russia closes in on key city

Al Jazeera  

Outgoing Biden administration eager to fast-track more packages before aid-sceptic Trump takes office early next year. The United States will give $500m in military aid to Ukraine as part of an 11th-hour push by outgoing President Joe Biden to bolster the country’s defences before he leaves office early next year. Russian attacks continue In parallel, Ukraine’s air force reported on …

US disburses $20 billion Ukraine loan backed by profits from Russian assets
1 week, 6 days ago

US disburses $20 billion Ukraine loan backed by profits from Russian assets

Deccan Chronicle  

Washington: The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by proceeds earned on frozen Russian assets, as part of a $50 billion G7 support package. "These funds -- paid for by the windfall proceeds earned from Russia's own immobilized assets -- will provide Ukraine a critical infusion of support as it defends …

US transfers $20 billion to Ukraine funded by seized Russian assets
1 week, 6 days ago

US transfers $20 billion to Ukraine funded by seized Russian assets

India Today  

The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by proceeds earned on frozen Russian assets, as part of a $50 billion G7 support package. "These funds -- paid for by the windfall proceeds earned from Russia's own immobilized assets -- will provide Ukraine a critical infusion of support as it defends its …

US announces nearly $1 billion more in longer-term weapons support for Ukraine
2 weeks, 2 days ago

US announces nearly $1 billion more in longer-term weapons support for Ukraine

Associated Press  

SIMI VALLEY, Calif. — The United States will provide nearly $1 billion more in longer-term weapons support to Ukraine, Defense Secretary Lloyd Austin said Saturday as the Biden administration rushes to spend all the congressionally approved money it has left to bolster Kyiv before President-elect Donald Trump takes office next month. Austin said he was “confident that President Reagan would …

Russia races ahead of NATO in weapons production for Ukraine war: SIPRI
3 weeks, 1 day ago

Russia races ahead of NATO in weapons production for Ukraine war: SIPRI

Al Jazeera  

Despite a defence budget 10 times Russia’s, new report lays bare how NATO is unable to turn spending power into firepower in a crisis. New research shows that the revenues of Russia’s top defence contractors outpaced those of their United States and European counterparts last year, as they increased weapons production more effectively than their Western rivals. While Russia’s leading …

Putin signs off record Russian defense spending as top EU officials visit Kyiv
3 weeks, 2 days ago

Putin signs off record Russian defense spending as top EU officials visit Kyiv

LA Times  

Russian President Vladimir Putin approved budget plans, raising 2025 military spending to record levels as Moscow seeks to prevail in the war in Ukraine. New EU leaders in Kyiv pledge continued support for Ukraine New European Council President Antonio Costa and EU foreign policy chief Kaja Kallas arrived in Kyiv on Sunday, marking their first day in office with a …

Russia-Ukraine war: EU pledges $19 bn for outgunned and outspent Kyiv
3 weeks, 5 days ago

Russia-Ukraine war: EU pledges $19 bn for outgunned and outspent Kyiv

Firstpost  

The aid comes at a critical time for Ukraine as questions grow about the future of US assistance when Donald Trump returns to power The European Union on Thursday confirmed it will provide Ukraine with €18.1 billion as part of a larger $50 billion Group of Seven loan aimed at supporting Kyiv amid its fight against Russia’s invasion. Uncertainty over …

Russia vows response after Ukraine fires long-range US missiles
Trending News
1 month ago

Russia vows response after Ukraine fires long-range US missiles

New Indian Express  

KYIV: Russia warned on Tuesday that it would respond after Ukraine fired longer-range US missiles at its territory for the first time, as President Vladimir Putin issued a nuclear threat on the 1,000th day of the war. A senior official told AFP that a strike on Russia's Bryansk region earlier on Tuesday "was carried out by ATACMS missiles" -- a …

G7 backs Ukraine as Zelenskyy says he wants to end war next year
1 month, 1 week ago

G7 backs Ukraine as Zelenskyy says he wants to end war next year

Al Jazeera  

Ukraine’s president says Kyiv will do everything possible so war against Russia’s invading forces ends in 2025 ‘through diplomatic means’. Leaders of the G7 alliance have reaffirmed support for Ukraine “for as long as it takes” as President Volodymyr Zelenskyy said he wants to end the war through talks next year. The Ukrainian president said in a radio interview aired …

Trump’s US election leaves Ukraine scrambling for EU military assistance
1 month, 1 week ago

Trump’s US election leaves Ukraine scrambling for EU military assistance

Al Jazeera  

While US President-elect Donald Trump’s intentions remain unclear, Kyiv is trying to secure as much of the aid promised by Washington as possible. “Mostly in the city, on civilian infrastructure, mainly in the evening or at night, although there are also daytime shellings.” Ukraine’s defenders continued to be under intense pressure throughout the front in the past week, with the …

The Trajectory of the War in Ukraine: A Crucial Election Hangover
1 month, 3 weeks ago

The Trajectory of the War in Ukraine: A Crucial Election Hangover

Associated Press  

The outcome of the US election will determine the trajectory of the war in Ukraine. Ukrainian leaders hope that the new administration will make decisions that will benefit their country, but there is no guarantee that this will happen. The war is one of the most divisive issues of the Nov. 5 election, and the results could have a significant …

G-7 allies are moving ahead with a $50-billion loan for Ukraine backed by frozen Russian funds
2 months ago

G-7 allies are moving ahead with a $50-billion loan for Ukraine backed by frozen Russian funds

LA Times  

U.S. Secretary of Defense Lloyd J. Austin III, right, is greeted by Ukraine’s President Volodymyr Zelensky during their meeting in Kyiv, Ukraine, on Monday. Ukraine will receive $50 billion in loans, backed by frozen Russian assets, from Group of 7 allies, the White House said Wednesday. “Never before has a multilateral coalition frozen the assets of an aggressor country and …

UK to use frozen Russian assets for £2.26 billion loan to support Ukraine war effort
2 months ago

UK to use frozen Russian assets for £2.26 billion loan to support Ukraine war effort

The Independent  

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US ‘very close’ to finalizing $20B share of G7 loan to Ukraine, Yellen says
2 months ago

US ‘very close’ to finalizing $20B share of G7 loan to Ukraine, Yellen says

Politico  

The loan offers G7 nations a chance to lock in longer-term funding for Ukraine’s war effort and insulate the money from the outcome of the U.S. presidential election. The EU moved ahead to approve its participation in the loan without the U.S. as the Biden administration sought greater EU assurances that the Russian assets — the vast majority of which …

As the Ukraine war enters a critical period, the EU moves ahead without the US
2 months, 3 weeks ago

As the Ukraine war enters a critical period, the EU moves ahead without the US

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy As the war in Ukraine …

US and UK pledge almost $1.5 billion to help Ukraine during diplomats’ visit to Kyiv
3 months, 1 week ago

US and UK pledge almost $1.5 billion to help Ukraine during diplomats’ visit to Kyiv

Associated Press  

KYIV, Ukraine — The United States and Britain pledged nearly $1.5 billion in additional aid to Ukraine on Wednesday during a visit to Kyiv by their top diplomats as Ukrainian officials renewed their pleas to use Western-provided missiles against targets deeper inside Russia. Blinken said he would bring the discussion with Ukrainian President Volodymyr Zelenskyy about the missiles “back to …

Russia and Ukraine report gains on battlefield
4 months ago

Russia and Ukraine report gains on battlefield

China Daily  

MOSCOW/KYIV — Russia and Ukraine both reported new battlefield gains on Thursday, with Moscow saying that the Ukrainian drone attack on a nuclear power station was "an act of nuclear terrorism". The nuclear plant is located in the Kursk region of western Russia, where fierce fighting has raged since Ukrainian forces launched a surprise incursion on Aug 6. TASS quoted …

Biden talks with Zelensky, announces new military aid for Kyiv
4 months ago

Biden talks with Zelensky, announces new military aid for Kyiv

The Hindu  

U.S. President Joe Biden spoke with his Ukrainian counterpart Volodymyr Zelensky on Friday and announced a new round of military aid for Kyiv, the White House said. “I am proud we will announce a new package of military aid for Ukraine today,” Mr. Biden said in a statement, without specifying the dollar value of the assistance. The sanctions target nearly …

The US is sending $125 million in new military aid to Ukraine
4 months ago

The US is sending $125 million in new military aid to Ukraine

Associated Press  

WASHINGTON — The Biden administration is sending about $125 million in new military aid to Ukraine, the Defense Department said Friday, even as Washington works to get a better understanding of Kyiv’s incursion into Russia and how it advances the broader battlefield goals more than two years into the war. Pentagon officials have said repeatedly that the U.S. has been …

The West risks triggering WW3 if it continues to allow Ukraine to attack Russian territory, top Putin ally warns
4 months ago

The West risks triggering WW3 if it continues to allow Ukraine to attack Russian territory, top Putin ally warns

Daily Mail  

The CEO of Rostec said WW3 could break out if Ukraine carries on Former KGB general Sergei Chemezov says the West needs to stop Ukraine A top Putin ally has warned the West that it risks triggering a third World War if it allows Ukraine to carry on its assault of Russian territory. Sergei Chemezov, a close ally of despot …

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine
4 months, 3 weeks ago

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine

China Daily  

Xinhua | Updated: 2024-07-27 04:00 Ursula von der Leyen attends a press conference after her re-election for a second term as President of the European Commission, at the European Parliament in Strasbourg, France, July 18, 2024. BRUSSELS -- The European Union announced on Friday that it has transferred 1.5 billion euros worth of frozen Russian assets to support Ukraine. The …

European Union transfers $1.6 billion raised from frozen Russian assets to Ukraine
4 months, 3 weeks ago

European Union transfers $1.6 billion raised from frozen Russian assets to Ukraine

India Today  

The European Union announced Friday it had made 1.5 billion euros available to support Ukraine, the first tranche of money generated from profits on frozen Russian assets. In May, the EU’s 27 member states reached an agreement to use the interest earned on some 210 billion euros in Russian central bank assets for military support for Ukraine and rebuilding efforts …

Ukraine reaches preliminary deal with bondholder group on $20-billion debt restructure
5 months ago

Ukraine reaches preliminary deal with bondholder group on $20-billion debt restructure

Live Mint  

* Deal to enable $11.4 billion in cash flow relief over next three years * Agreement frees money for defence, social spending - Ukraine PM * Government says IMF, official lenders have signed off on deal * Bonds rally some 5 cents on news of the deal By Karin Strohecker and Libby George LONDON, - Ukraine said on Monday it …

Russia advances in Ukraine but suffers losses, rows with Western powers
5 months ago

Russia advances in Ukraine but suffers losses, rows with Western powers

Al Jazeera  

Moscow was rushing reinforcements to Donetsk and Kharkiv after unexpectedly high losses for limited advances. A war of words over Ukraine took centre-stage in the past week, as the European Union sought to bolster its defence readiness, NATO celebrated its 75th birthday and Russia issued threats and promises. Deputy head of the Russian Security Council Dmitry Medvedev said in an …

Russian troops fail to advance as Ukraine garners military, financial aid
6 months ago

Russian troops fail to advance as Ukraine garners military, financial aid

Al Jazeera  

Battles continue in Kharkiv as President Putin signs a strategic agreement with North Korea, which includes a defensive alliance. On Wednesday, Colonel Yuriy Povkh, spokesman for Ukraine’s Kharkiv forces, said “dozens” of Russian soldiers were pinned down in central Vovchansk. The White House said it would “support the full range of Ukraine’s current defensive needs now and over the long …

Ukraine war may erupt again as G7 backs Zelensky with hardware
6 months, 1 week ago

Ukraine war may erupt again as G7 backs Zelensky with hardware

Hindustan Times  

New Delhi: With the G-7 countries committed to stand with Ukraine at Apulia, the Ukraine-Crimea front is all set to reignite with Russia threatening to long -range weapons to adversaries of the west. According to authoritative officials, the Ukraine front will become heated in the coming days with France ready to put troops on ground, UK supplying 300 km range …

Italian Premier Meloni describes Putin’s cease-fire offer for Ukraine as ‘propaganda’
6 months, 1 week ago

Italian Premier Meloni describes Putin’s cease-fire offer for Ukraine as ‘propaganda’

Associated Press  

BORGO EGNAZIA, Italy — Italian Premier Giorgia Meloni on Saturday dismissed a cease-fire offer for Ukraine by Russian President Vladimir Putin as “propaganda,” as she wrapped up a Group of Seven summit that saw a deal reached for a $50 billion loan to Ukraine. Asked about Putin’s cease-fire proposal, Meloni said it “seems to me more like a propaganda move …

Putin offers truce if Ukraine exits Russian-claimed areas and drops NATO bid. Kyiv rejects it
6 months, 1 week ago

Putin offers truce if Ukraine exits Russian-claimed areas and drops NATO bid. Kyiv rejects it

Associated Press  

Russian President Vladimir Putin promised Friday to “immediately” order a cease-fire in Ukraine and start negotiations if Kyiv began withdrawing troops from the four regions annexed by Moscow in 2022 and renounced plans to join NATO. They also coincided with a meeting of leaders of the Group of Seven leading industrialized nations in Italy and after the U.S. and Ukraine …

At G7 Summit, Biden, Zelenskyy sign 10-year defence agreement. Will US troops help Ukraine in Russia war?
6 months, 1 week ago

At G7 Summit, Biden, Zelenskyy sign 10-year defence agreement. Will US troops help Ukraine in Russia war?

India TV News  

Brindisi: US President Joe Biden and President Volodymyr Zelenskyy signed a bilateral security agreement between the US and Ukraine on Thursday when they meet on the sidelines of the Group of Seven summit in Italy. Agreement would not commit US troops directly to Ukraine's defence: Sullivan National security adviser Jake Sullivan said the security agreement would not commit U.S. troops …

G7 to use Russian assets for $50bn Ukraine loan: How will it work?
6 months, 1 week ago

G7 to use Russian assets for $50bn Ukraine loan: How will it work?

Al Jazeera  

The funds could help Ukraine defend itself against Russia. The G7 group of countries announced a plan on Thursday to use frozen Russian assets to finance a $50bn loan for Ukraine as Kyiv continues its desperate campaign to stop its bigger neighbour’s forces from advancing further, 28 months into Moscow’s war. Many Western nations froze assets of the Russian Central …

Putin calls G7 deal on frozen Russian assets for Ukraine loan ‘theft’
6 months, 1 week ago

Putin calls G7 deal on frozen Russian assets for Ukraine loan ‘theft’

Al Jazeera  

Western countries have agreed to use interest on frozen Russian assets to give Ukraine a $50bn loan. Russia’s President Vladimir Putin denounced an agreement by Western countries to provide Ukraine with a loan package using frozen Russian assets and pledged retaliation. Following the announcement at the G7 annual summit in Italy, US President Joe Biden said the frozen assets agreement …

Ukraine and US sign 10-year security deal as G7 leaders pledge $75 billion loan package to Kyiv
6 months, 1 week ago

Ukraine and US sign 10-year security deal as G7 leaders pledge $75 billion loan package to Kyiv

ABC  

In short: US President Joe Biden and Ukrainian President Volodymyr Zelenskyy have signed a 10-year agreement designed to bolster Ukraine's defences against Russia's invasion. US President Joe Biden and Ukrainian President Volodymyr Zelenskyy have signed a 10-year agreement designed to bolster Ukraine's defences against Russia's invasion. US President Joe Biden and Ukrainian President Volodymyr Zelenskyy have signed a landmark 10-year …

G7 leaders agree on $50B Ukraine loan using frozen Russian assets
6 months, 1 week ago

G7 leaders agree on $50B Ukraine loan using frozen Russian assets

Daily Mail  

Ukrainian President Volodymyr Zelensky was welcomed with open arms by Italian Prime Minister Giorgia Meloni at the G7 summit in Puglia today as world leaders agreed a new $50-billion loan for Ukraine using profits from frozen Russian assets. As talks began, leaders announced their support for a huge new loan secured against future interest from some 300 billion euros of …

G7 summit opens with deal to use Russian assets for Ukraine as EU's traditional powers recalibrate
6 months, 1 week ago

G7 summit opens with deal to use Russian assets for Ukraine as EU's traditional powers recalibrate

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

G7 leaders agree to lend Ukraine billions backed by Russia’s frozen assets. Here’s how it will work
6 months, 1 week ago

G7 leaders agree to lend Ukraine billions backed by Russia’s frozen assets. Here’s how it will work

Associated Press  

WASHINGTON — Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival. President Joe Biden told reporters at a news conference Thursday that the move was part of a “historic agreement.” Ukraine’s president, Volodymyr Zelenskyy, said providing a loan through Russia’s assets “is a vital step …

G7 nations to use frozen Russian assets to provide $50 billion aid to Ukraine
6 months, 1 week ago

G7 nations to use frozen Russian assets to provide $50 billion aid to Ukraine

Hindustan Times  

Group of Seven leaders have agreed to provide Ukraine with $50 billion via the use of frozen Russian assets by the end of the year, the French presidency said on Wednesday. On Wednesday, a French presidency official said that leaders had agreed to provide Ukraine with the $50 billion before the end of the year. G7 leaders had aimed to …

G7 leaders agree to $50bn loan for Ukraine at annual summit
6 months, 1 week ago

G7 leaders agree to $50bn loan for Ukraine at annual summit

Al Jazeera  

G7 leaders hail ‘unity’ after reaching deal to fund Ukraine via profits on frozen Russian assets during summit in Italy. The deal on Ukraine’s loan agreed upon at the three-day summit, where leaders of the Group of Seven major democracies are convening, marks “a very historic step and a historic decision,” German Chancellor Olaf Scholz said on Thursday. “With the …

Europe bows to US pressure to agree $50bn loan for Ukraine
6 months, 1 week ago

Europe bows to US pressure to agree $50bn loan for Ukraine

The Telegraph  

Rishi Sunak, the Prime Minister, said the loan would be “game-changing” for Ukraine’s ability to ward off Russian attacks. ‘Forward leaning’ A Foreign Office source said: “It’s always been the case that us and the US have been most forward-leaning, needing to persuade the others.” US officials hope the loan plan will avoid a “tantrum” from Mr Zelensky at next …

G7 agrees to loan Ukraine $50 billion from the interest on frozen Russian assets
6 months, 1 week ago

G7 agrees to loan Ukraine $50 billion from the interest on frozen Russian assets

NPR  

G7 agrees to loan Ukraine $50 billion from the interest on frozen Russian assets toggle caption Ludovic Marin/AFP/Getty Images Western leaders have agreed to loan Ukraine up to $50 billion to fight Russia and rebuild after the lengthy war, money that will be repaid over time from the interest accumulating on frozen Russian financial assets, a senior U.S. official told …

Biden apologizes to Ukraine’s Zelensky for Congress’ holdup of weapons as Russians advanced
6 months, 2 weeks ago

Biden apologizes to Ukraine’s Zelensky for Congress’ holdup of weapons as Russians advanced

LA Times  

President Biden on Friday for the first time publicly apologized to Ukraine for a months-long congressional holdup of American military assistance that let Russia make gains on the battlefield. Biden met in Paris with Ukrainian President Volodymyr Zelensky, who appealed for bipartisan U.S. support going forward “like it was during World War II.” A day earlier, the two had attended …

EU to consider leveraging windfall profits from Russian assets after G7 summit
6 months, 2 weeks ago

EU to consider leveraging windfall profits from Russian assets after G7 summit

Hindustan Times  

By Jan Strupczewski EU to consider leveraging windfall profits from Russian assets after G7 summit BRUSSELS - European Union finance ministers will consider a G7 plan for leveraging windfall profits generated by Russian assets, immobilised in the West after Russia's invasion of Ukraine, after a G7 summit later in June, the ministers' chairman said. After Moscow's invasion of Ukraine in …

US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets
6 months, 3 weeks ago

US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets

Associated Press  

WASHINGTON — A senior U.S. Treasury official has met with Ukrainian officials in Kyiv to discuss U.S. financial support, enforcing sanctions on Russia and using frozen Russian assets for Ukraine’s benefit in the war with Moscow. The visit this week by Deputy Secretary Wally Adeyemo came as Russia gains territory after a lengthy delay in U.S. military aid left Ukraine …

Ukraine gets more military aid from Europe but Putin warns of consequences if Russian soil is hit
6 months, 3 weeks ago

Ukraine gets more military aid from Europe but Putin warns of consequences if Russian soil is hit

The Hindu  

Ukrainian President Volodymyr Zelenskyy received a second $1 billion promise of military aid in as many days on May 28 during a whirlwind tour of three European Union countries, while President Vladimir Putin warned that hitting Russian soil with Western-supplied weapons could set the war on a dangerous new path. He later traveled to Portugal, where he said it was …

Russia warns of 'possible consequences' if Ukraine uses Western-supplied weapons on its soil
6 months, 3 weeks ago

Russia warns of 'possible consequences' if Ukraine uses Western-supplied weapons on its soil

India TV News  

Moscow: After Ukraine received a second $1 billion promise of military aid on Tuesday during a whirlwind tour of three European Union countries, Russian President Vladimir Putin warned that the use of Western-supplied arms on its soil by Kyiv could set a dangerous new path and that the North Atlantic Treaty Organisation should be ready for possible consequences. Russia's better-equipped …

As Ukraine war rages, Russia activates sabotage plans in Europe: Experts
6 months, 3 weeks ago

As Ukraine war rages, Russia activates sabotage plans in Europe: Experts

Al Jazeera  

Russia is accused of putting into effect psychological, economic and military operations planned by the USSR. “This is an unprecedented phenomenon in Western post-war history.” The Financial Times this month cited intelligence of imminent Russian hybrid operations in Germany, Sweden and the United Kingdom, and a report from Chatham House, a London-based think tank, detailed incidents across Europe that “match …

EU tries to drum up military support for Ukraine as Zelenskyy tours Spain, Belgium and Portugal
6 months, 3 weeks ago

EU tries to drum up military support for Ukraine as Zelenskyy tours Spain, Belgium and Portugal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy European Union defense ministers are …

Ukraine gets more military aid from Europe but Putin warns of consequences if Russian soil is hit
6 months, 3 weeks ago

Ukraine gets more military aid from Europe but Putin warns of consequences if Russian soil is hit

Associated Press  

LISBON, Portugal — Ukrainian President Volodymyr Zelenskyy received a second $1 billion promise of military aid in as many days Tuesday during a whirlwind tour of three European Union countries, while President Vladimir Putin warned that hitting Russian soil with Western-supplied weapons could set the war on a dangerous new path. He later traveled to Portugal, where he said it …

G-7 ministers cite 'progress' but no done deal on Russian assets for Ukraine
6 months, 4 weeks ago

G-7 ministers cite 'progress' but no done deal on Russian assets for Ukraine

The Hindu  

G-7 Finance Ministers cited "progress" on Saturday in finding ways to use profits from frozen Russian assets to help Ukraine, envisioning a concrete proposal to present to a leaders' summit next month. G-7 Finance Ministers reiterated in the draft that Russian assets frozen by the Group of Seven nations "will remain immobilised until Russia pays for the damage it has …

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets
6 months, 4 weeks ago

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets

Associated Press  

FRANKFURT, Germany — Finance officials from the Group of Seven rich democracies said they had moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. “We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign assets to the benefit …

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