Ukraine Secures $1B from Frozen Russian Funds; G7 Nations Back aid as Moscow Fumes over "Theft"
Video Credit: Oneindia - Duration: 03:17s - Published
Ukraine Secures $1B from Frozen Russian Funds; G7 Nations Back aid as Moscow Fumes over "Theft"
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.
#UkraineAid #RussianAssets #G7Support #FrozenFunds #Reconstruction #InternationalLaw #RussiaUkraineConflict #IMFWarning #GlobalFinance #AssetSeizure #Oneindia #OneindiaNews
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The Trump administration has placed around 60 USAID officials on leave amid a sweeping foreign aid review. The move follows Trump’s executive order halting most foreign aid for 90 days, citing potential policy violations. Critics claim it suppresses dissent, as exemptions for Ukraine-related programs were reportedly denied. Secretary of State Marco Rubio exempted only emergency food aid and military support for Israel and Egypt. The decision has triggered program shutdowns and staff layoffs globally, intensifying scrutiny over US foreign aid policies.
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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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A powerful explosion at Alania Mall in Vladikavkaz, Russia, caused a major fire, killing one and injuring two. The blast, believed to have been caused by a gas leak or cylinder, affected around 800 square meters of the mall. Emergency services quickly contained the fire, and authorities are investigating the cause. The incident took place in the fourth-floor food court area of the popular shopping and entertainment center, which spans 28,000 square meters.
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