At the G7 summit in Italy, President Biden will emphasize military aid to Ukraine, propose using frozen Russian assets for reconstruction, and announce new US sanctions against Russia.

President Biden is set to use the G7 summit in Italy to emphasize his administration's commitment to providing military aid to Ukraine, countering Russian aggression. Biden will also push for the use of frozen Russian assets to aid Ukraine's reconstruction efforts. The G7 leaders are expected to announce a loan of approximately $50 billion to Ukraine, financed by profits from interest on $300 billion of frozen Russian central bank assets.

June 11, 2024
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