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G7 Leaders Agree to $50 Billion Ukraine Loan; Biden Reaffirms U.S. Military Support for Kyiv

HeadlineJun 14, 2024

In Italy, G7 leaders have agreed on a plan to loan Ukraine $50 billion. G7 host and far-right Italian Prime Minister Giorgia Meloni said Russian assets frozen after its 2022 invasion of Ukraine would be used to finance the deal. Ukraine’s President Volodymyr Zelensky joined the talks, where he met with President Biden and signed a 10-year bilateral security agreement with the U.S. Biden announced the agreement at a joint news conference.

President Joe Biden: “A lasting peace for Ukraine must be underwritten by Ukraine’s own ability to defend itself now and to deter future aggression anytime in the future. The United States is going to help ensure that Ukraine can do both, not by sending American troops to fight in Ukraine, but by providing weapons and ammunition, expanding intelligence sharing, continuing to train brave Ukrainian troops at bases in Europe and the United States.”

On Thursday, at least six people were killed and 11 others wounded when a Russian missile struck the city of Kryvyi Rih in southern Ukraine. Much of Ukraine is experiencing extended blackouts as Russia’s military increases attacks on the energy grid.

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