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G7 Meet Highlights| EU may front about half $50 bln loan to Ukraine linked to frozen Russian assets

Leaders of G7 nations began converging on Fasano in Italy on Thursday to attend the 50th G7 Summit, which is slated to run from June 13 to June 15. Several leaders from non-G7 nations have also been invited for this year's summit. They include: Prime Minister Narendra Modi, President Luiz Inácio Lula da Silva of Brazil, President Recep Tayyip Erdogan of Türkiye, and the president of the United Arab Emirates, Prince Mohammed bin Zayed and President Volodymyr Zelenskyy of Ukraine. Thursday's session will see discussions around Africa, climate change, and development, the situation in the Middle East, and the war in Ukraine. The first day of the summit saw a commitment by G7 who said they will contribute a loan package worth some $50 billion to Ukraine backed by proceeds from immobilised Russian assets. Furthermore , Zelenskyy asked G7 leaders to approve 'Marshall Plan' for Ukraine reconstruction. That's all for today. Thank for staying with us. Stay tuned to DH to track the latest updates
Last Updated : 13 June 2024, 17:18 IST

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Highlights
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Reuters report that G7 has agreed on a $50bn loan to Ukraine  backed by interest from Russian assets

17:1313 Jun 2024

German chancellor Scholz tells Russia that G7 won't abandon Ukraine

Plans by the G7 to provide additional financial support for Ukraine shows that wealthy industrial nations remain committed to the country more than two years after Russia's invasion, German Chancellor Olaf Scholz said.

16:2113 Jun 2024

EU may front about half $50 bln loan to Ukraine linked to frozen Russian assets, official says

 The European Union may contribute about half of a $50 billion G7 loan package backed by proceeds from immobilised Russian assets, a senior EU official said on Thursday.

The official, speaking on condition of anonymity, said final figures had still to be agreed, Reuters reported.

16:0213 Jun 2024

All G7 to contribute to $50 bln Ukraine loan backed by Russian asset proceeds

All G7 countries will contribute to a loan package worth some $50 billion to Ukraine backed by proceeds from immobilised Russian assets, European Commission President Ursula von der Leyen said on Thursday, Reuters reported.

15:5313 Jun 2024

Zelenskyy asks G7 leaders to approve 'Marshall Plan' for Ukraine reconstruction

Ukrainian President Volodymyr Zelenskiy asked the leaders of the G7 group of countries on Thursday to approve a "Marshall Plan" for Ukraine's reconstruction after the damage caused by Russia's invasion.

15:1613 Jun 2024

Ukraine, Japan sign 10-year term security agreement

Ukraine and Japan on Thursday signed a security agreement on the sidelines of the G7 summit, President Volodymyr Zelenskyy said.

"In 2024, Japan will provide Ukraine with $4.5 billion and will continue to support us throughout the agreement’s entire 10-year term," he said on X.

Published 13 June 2024, 10:36 IST

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