Russia-Ukraine War

The Biden administration said the funds will be used to repair and expand Ukraine’s energy sector as well as address other humanitarian services.

The total amount of $50 billion in loans will be sent to Ukraine this year, with repayment of the loans coming from the income on immobilized Russian assets.

The Russian leader said a cease-fire was needed to achieve ‘unity between Russia and Ukraine and in Europe in general.’

A U.S. military official said that the Russian warships visiting Cuba on military exercises ‘don’t pose a threat to the United States’.

‘Our goal is to strengthen Ukraine’s credible defense and deterrence capabilities for the long term,’ President Biden said.

The leaders agreed to provide at least a $50 billion loan to Ukraine, backed by profits from frozen Russian assets.

The G7 leaders are expected to announce a plan for unlocking frozen Russian sovereign assets to assist Ukraine.

Shortly after this announcement, the Moscow Exchange announced it would suspend transactions in dollars and euros.

President Biden plans to sign a bilateral security agreement with the Ukrainian president in Italy during the leaders’ summit.

Both countries also signed an agreement, endorsed by 17 other countries, on fighting information manipulation by foreign actors.

A new State Department analysis found no evidence of gross human rights violations carried out by the unit.