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The Independent UK
The Independent UK
National
Nicole Winfield

G7 summit opens with deal to use Russian assets for Ukraine as EU's traditional powers recalibrate

Copyright 2024 The Associated Press. All rights reserved.

A Group of Seven summit is opening Thursday with agreement on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe's political chessboard shifts to the right.

Diplomats confirmed that an agreement had been reached on the deal before the leaders even landed in southern Italy for the three-day summit. Ukrainian President Volodymyr Zelenskyy is on hand and is expected to sign a separate bilateral security agreement with U.S. President Joe Biden.

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