G7 summit opens with $50 billion loan deal for Ukraine using Russian assets as collateral

G7 Summit Nouvelles

G7 summit opens with $50 billion loan deal for Ukraine using Russian assets as collateral
UkraineRussian AssetsItaly
  • 📰 komonews
  • ⏱ Reading Time:
  • 64 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 63%

The G7 includes Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

From left, European Council President Charles Michel, German Chancellor Olaf Scholz, Canada's Prime Minister Justin Trudeau, French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni , U.S. President Joe Biden, Japan's Prime Minister Fumio Kishida, Britain's Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen participate in a working session at the G7, Thursday, June 13, 2024, in Borgo Egnazia, Italy .

Italy, which is hosting the summit, has invited several African leaders — Algerian President Abdelmadjid Tebboune, Kenyan President William Ruto and Tunisian President Kais Saied — to press Italy's development and migration initiatives on the continent. A French official, briefing reporters Wednesday, said a political decision by the leaders had been reached but that technical and legal details of the mechanism to tap into the assets still had to be worked out. The issue is complicated because if the Russian assets one day are unfrozen — say if the war ends — then the windfall profits will no longer be able to be used to pay off the loan, requiring a burden-sharing arrangement with other countries.

As a result, Meloni is likely to be able to steer the three-day meeting to her key priority items as she further cements her role on the world stage, analysts said. One sign of her flexed far-right muscles: Meloni's office denied media reports that Italy was trying to water down language about access to abortion in the final communique.

That includes pushing her migration agenda as Meloni seeks to leverage her program for a nonexploitative relationship with Africa to boost development while curbing illegal migration to Europe.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

komonews /  🏆 272. in US

Ukraine Russian Assets Italy Pope Francis Artificial Intelligence Meloni Migration Initiatives

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US pushes for $50 billion loan to Ukraine using frozen Russian assets ahead of G7 summitUS pushes for $50 billion loan to Ukraine using frozen Russian assets ahead of G7 summitUS officials are racing against the clock to finalize an agreement that could provide some $50 billion in loans to Ukraine using profits from frozen Russian assets – a top priority ahead of President Joe Biden’s meeting with G7 leaders in Italy this week – but the seven nations have yet to reach a final consensus, according to sources familiar...
Lire la suite »

Ukraine war: US eases stance on Ukraine using weapons on Russian targets; Germany follows suitUkraine war: US eases stance on Ukraine using weapons on Russian targets; Germany follows suitGermany joined the United States on Friday in authorizing Ukraine to hit some targets on Russian soil with the long-range weapons they are supplying - a significant policy change that comes as depleted Ukrainian troops are losing ground in the war.
Lire la suite »

Ukraine war live updates: Russian-occupied territory comes under attack; Hungary accused of blocking Ukraine supportUkraine war live updates: Russian-occupied territory comes under attack; Hungary accused of blocking Ukraine supportEU leaders are increasingly frustrated with Hungary's opposition to measures meant to provide aid to Ukraine and kick start EU accession talks for Kyiv.
Lire la suite »

Southeast Health announces $50 million Emergency Department expansionSoutheast Health announces $50 million Emergency Department expansionSoutheast Health in Dothan unveiled a $50 million expansion project for Southeast Health Medical Center as demand for emergency medical services and patient volumes continue to grow.
Lire la suite »

Tesla’s $50 billion question comes down to the wireTesla’s $50 billion question comes down to the wireTesla’s annual shareholder vote will be a referendum on Elon Musk’s tumultuous leadership, with investors asked to approved his massive $50 billion pay package again. What they decide may determine the future of the company.
Lire la suite »

Chicago City Council $50 million settlement with men wrongfully convictedChicago City Council $50 million settlement with men wrongfully convictedChicago City Council $50 million settlement with men wrongfully convicted
Lire la suite »



Render Time: 2025-02-25 01:22:05