Leaders of the Group of Seven (G7) released a statement reaffirming their "unwavering support for Ukraine for as long as it takes" and commitment to "severe costs" for Russia on Nov. 16.
The International Chamber of Commerce (ICC), will lower the costs of its arbitration court for foreign investors involved in Ukraine's reconstruction projects to encourage much-needed investment.
Besides the G7 members, including the U.S., Japan, Italy, the U.K., Germany, France, Canada, and the High Representative of the European Union, the statement was also signed by South Korea, Australia, and New Zealand.
"Our aim is to begin disbursing the funds by the end of the year," G7 leaders announced on Oct. 25. The loan will support Ukraine's economic, defense, and reconstruction needs.
Officials from U.S. President Joe Biden's administration raised the possibility of these sanctions during a G7 deputy finance ministers meeting on Oct. 22 in Washington, D.C.
Daleep Singh, the White House deputy national security adviser on international economics, said that Joe Biden's administration intends to split the funds between helping the Ukrainian economy and the military.
Key developments on Oct. 22: * US to provide Ukraine with another $800 million to boost domestic long-range capabilities, Zelensky says * Ukrainian drones target Russian alcohol plants overnight, local authorities claim * North Korea has sent pilots to Russia to join its war in Ukraine, Newsweek reports * South Korea considering sending military
G7 leaders will issue a joint statement in October saying that "Russia's sovereign assets will remain immobilized until Russia ends its aggression and pays for the damage it has caused to Ukraine," according to the draft prepared by this year's chair, Italy.
Key developments on Oct. 19-20: * Ukraine says it struck airfield and 'largest explosives factory' in Russia * Russian overnight missile strike on Kryvyi Rih injures 17 * Tens of thousands of Georgians rally in support of EU accession ahead of upcoming parliamentary election * Ukraine’s NATO membership on 'irreversible path,' G7
Defense ministers of the G7 countries reaffirmed their commitment to supporting Ukraine's integration into NATO, according to the joint statement following their meeting in Naples on Oct. 19.
European Union countries have approved an unprecedented plan to issue a 35-billion-euro ($37.2 billion) loan to support Ukraine's war-torn economy, using Russia's immobilized Central Bank assets as collateral.
More than 30 countries and the European Union adopted the Joint Declaration of Support for Recovery and Reconstruction of Ukraine during a meeting in New York on Sept. 25, Ukraine's Presidential Office said. Backed during the Group of Seven (G7) + Ukraine meeting, the document contains several points including helping to
"This is critical for Ukraine's energy security and the confidence of international partners," the statement read.
The delegations of Ukraine and Montenegro met on Aug. 30 to discuss the potential signing of a bilateral security agreement, Ukraine's presidential office reported.
The Group of Seven (G7) will likely finalize a framework agreement for a $50 billion loan for Ukraine backed by frozen Russian assets revenue by October, EU Economic Commissioner Paolo Gentiloni said on July 25.
The sum, which Ukraine hopes to receive by the end of the year before a potential return of Donald Trump to the White House, includes a $20-billion pledge by the U.S. and the EU each, Kyodo News wrote.
Saudi officials reportedly made "veiled threats" to Group of Seven (G7) nations hinting that the kingdom would sell some European debt holdings if Western allies seized about $300 billion in frozen Russian assets, Bloomberg reported on July 9, citing its sources.
Ukraine will soon start negotiations on security guarantees with Ireland, and is ready to sign the bilateral agreements with Estonia and Lithuania, Ihor Zhovkva, deputy head of the Presidential Office, said in an interview with Interfax Ukraine on June 21.
The new Group of Seven (G7) plan to fund Ukraine using profits from frozen Russian assets is a “breakthrough,” but Ukraine’s goal is still to seize the full worth of the assets, said experts speaking at a panel event in Kyiv discussing Russian asset seizure on June 17. “This
The EU is expected to join 16 countries, including the U.S., Japan, U.K., Germany, and France, that have signed similar bilateral treaties to help Kyiv repel Russia's aggression.
If Ukraine is going to defeat Russia and rebuild itself after the war, it will need huge sums of money, probably exceeding what Western electorates and politicians are willing or able to provide. The good news is that there is a massive pot of non-Western money already available: the $300
Finnish President Alexander Stubb noted that this week has favored Ukraine. He highlighted the G7 summit, the start of EU negotiations, NATO support, and Ukraine's summit, which gathered over 100 representatives. "(Ukraine is) much stronger than what it was three weeks ago, let alone three months ago," he said.
EU members will not be for now directly involved in the $50 billion loan for Ukraine, as they will instead focus on developing the guarantee mechanism, Italian Prime Minister Giorgia Meloni said on June 15.
Russia deploying nuclear weapons in its war against Ukraine would be "inadmissible," the Group of Seven (G7) warned in a joint statement on June 14 as the two-day G7 summit in Italy drew to a close.
President Volodymyr Zelensky met Pope Francis on the sidelines of the Group of Seven (G7) summit in Italy on June 14, and discussed topics including establishing a just and lasting peace for Ukraine and the return of Ukrainian children abducted by Russia.
Over 30 countries have joined the Group of Seven (G7) Joint Declaration of Support for Ukraine so far. The U.S. and Japan joined 15 other countries on June 13, including the U.K., Germany, and France, that have signed similar bilateral treaties to help Kyiv repel Russia's aggression.
Recently approved military aid funding will allow for additional troop rotations on Ukraine's eastern front, President Volodymyr Zelensky said during a press conference at the Group of Seven (G7) summit on June 13.
Canada introduced new sanctions on June 13 against 11 Russian individuals and 16 entities who have been purportedly engaged in activities that support Russia's invasion of Ukraine.
The loan should be repaid using interest from some $300 billion in frozen Russian assets.
"We need to make the states that support terror understand that they will pay for it," President Volodymyr Zelensky said on June 13 during a G7 summit in Italy.
President Volodymyr Zelensky and Japanese Prime Minister Fumio Kishida signed a 10-year bilateral security agreement on the sidelines of the Group of Seven (G7) summit in Italy on June 13.
President Volodymyr Zelensky arrived at the Group of Seven (G7) summit in Italy on June 13 and has been welcomed by Italian Prime Minister Giorgia Meloni.
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