The G7 has made surprising progress – but it's in peril like never before
Friday, 14 June 2024 They came battered and worn by battles back home for a few days by the sea, seeking sanctuary and solace in a wellness resort turned summit venue.
Ukraine has received $1 billion from a US-backed loan funded by frozen Russian assets, marking the first installment of a $50 billion G7 package aimed at supporting Ukraine's reconstruction. This unprecedented move has sparked legal and political debates, with Russia condemning the asset seizure as theft and vowing to take legal action. The International Monetary Fund warns such actions could undermine global financial trust.
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The U.S. has announced a $500 million military aid package to support Ukraine’s defense against Russia’s ongoing aggression. This new assistance includes critical supplies like ammunition, drones, armor, and protective gear. It follows several previous aid announcements and reinforces the U.S.'s commitment to Ukraine's security amid the prolonged conflict. Additionally, the Treasury has transferred $20 billion as part of a G7 loan package to provide Ukraine with economic aid. Russia has responded with threats, warning against the use of U.S.-supplied weapons in Ukrainian attacks.
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"We are all in favour of a ceasefire in both scenarios (Gaza and Lebanon)," Italian Foreign Minister Antonio Tajani said during the G7 meeting in Italy.
Credit: euronews (in English) Duration: 01:10Published