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.
"Today, as part of this (Group of Seven) declaration, we are signing the final two security agreements with G7 members. The entire Ukrainian people, including our warriors, see that the G7 will always support Ukraine," Zelensky said.
British Prime Minister Rishi Sunak will announce 242 million pounds ($309 million) in aid to Ukraine at the G7 summit in Italy.
"We have an agreement," a French presidency official said, ahead of a summit in Italy, which starts on June 13.
The U.S. and Ukraine will sign a long-awaited bilateral security agreement on June 13 during the Group of Seven (G7) summit in Italy, U.S. National Security Adviser Jake Sullivan told the press on June 12.
Ukraine's President Volodymyr Zelensky will meet with his American counterpart Joe Biden on the sidelines of the G7 summit in Italy on June 13, U.S. National Security Council spokesperson John Kirby said on June 11.
Key developments on June 11: * New assistance announced for Ukraine at Ukraine Recovery Conference * Ukraine controls Ivanivske near Chasiv Yar, battles ongoing in Staromaiorske, military says * Ukraine shot down Russian Su-25 aircraft, military says * Media: G7 to create Ukraine aid fund using income from frozen Russian assets * It's time for
"We're going to continue to drive up costs for the Russian war machine," White House spokesman John Kirby said on June 11.
A final agreement on the issue is expected at a G7 summit in Apulia, Italy, on June 13-15, which President Volodymyr Zelensky will attend.
According to AFP, the U.S. is pushing the G7 to endorse a loan for Ukraine of up to $50 billion, secured by interest on the frozen assets.
U.S. President Joe Biden will meet with Ukrainian President Volodymyr Zelensky in Normandy following the commemoration of the 80th anniversary of D-Day, U.S. National Security Advisor Jake Sullivan said on June 4, 2024.
The Presidential Office did not specify whether the president would join in person or remotely.
President Volodymyr Zelensky will participate in the upcoming G7 summit, Italian Prime Minister Giorgia Meloni said on June 2, according to the Italian news outlet ANSA.
In particular, the allies are considering steps against banks using SPFS, Russia's alternative to the SWIFT messaging system, to circumvent trade restrictions, the outlet said.
Ukraine's Western partners and other allies froze around $300 billion in Russian assets at the start of the full-scale invasion in 2022. Roughly two-thirds are held in the Belgium-based financial services company Euroclear.
President Volodymyr Zelensky is planning to visit the D-Day commemoration in France and a G7 meeting in Italy in June to ask partners for more military aid, Politico reported on May 22, citing two undisclosed sources.
Washington's proposal envisions borrowing against future profits from the frozen assets and transferring the money to Kyiv upfront from a Group of Seven (G7) loan.
The G7 finance ministers are set to meet on May 24, where they will work out the details to come to a final decision before a summit in Italy in June.
A Ukrainian delegation led by Head of the Presidential Office Andriy Yermak held the fourth round of negotiations with the U.S. on the future bilateral security agreement on May 6, the Presidential Office reported.
The United States is leading talks among the Group of Seven (G7) nations to develop a military aid package to Ukraine worth up to $50 billion, Bloomberg reported on May 3. The package would reportedly be funded by the profits generated by accrued interest on frozen Russian assets.
"We note the ongoing efforts by countries which operate Russian-designed reactors to make progress in securing alternative nuclear fuel contracts and to reduce dependencies related to spare parts, components, and services," read the statement issued after a two-day ministerial summit in Torino, Italy.
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