The G7 leaders gathered at a summit in Italy where they agreed on a new $50 billion loan for Ukraine, using profits from frozen Russian assets. The loan will support Ukraine with defense, budgetary help, and reconstruction following years of war with Russia. German Finance Minister Christian Lindner called it good news and a smart move to show unity against Putin. French President Macron’s office confirmed the deal, yet details are still being worked out.
Ukrainian President Zelensky anticipated important decisions at the summit and planned to sign security agreements with Japan and the US. The G7 nations have been key supporters of Ukraine since the Russian invasion, with ongoing discussions on using frozen assets to provide further aid. The summit also tackled global issues like the conflict in Gaza and tensions with China.
The summit, hosted by Italy’s prime minister, highlighted the G7’s essential role in managing crises that threaten freedom and democracy. The leaders addressed various topics, including Africa, climate change, and the Middle East, with plans to discuss China’s industrial overcapacity and engage with other global leaders for further dialogue.