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
G7 nations 'hardening their tone' on China
![Ukraine Secures $1B from Frozen Russian Funds; G7 Nations Back aid as Moscow Fumes over "Theft" [Video]](https://video.newsserve.net/300/v/20241225/1397024970-Ukraine-Secures-1B-from-Frozen-Russian-Funds-G7.jpg)
![US Boosts Ukraine with $500M aid, Including Himars, Drones & Armored Vehicles to counter Russia! [Video]](https://video.newsserve.net/300/v/20241213/1396028428-US-Boosts-Ukraine-with-500M-aid-Including-Himars.jpg)
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