Ukraine's Finance Minister asked the G7 to speed up the development of procedures for the use of $50 billion from frozen Russian assets. Marchenko emphasized the need for continued international support for Ukraine.
G7 leaders consider using the proceeds of frozen Russian assets to provide a $50 billion loan to Ukraine. The United States demands guarantees of a long-term freeze on Russian assets until a peace agreement is concluded.
The US Treasury Department requires institutions to report russian assets by August 2, 2024. This is part of the implementation of the Ukraine Support Act, which provides for the freezing of russian assets until compensation is paid.
EU countries will discuss extending sanctions on Russian assets to secure a $50 billion G7 loan to Ukraine. Options for an indefinite extension or for 3 years are being considered.
The G7+ Coordination Group has prioritized assistance to Ukraine's energy sector. Attention will be paid to equipment, backup power supply and distributed generation to strengthen the power system.
Andriy Yermak discussed with John Bass the G7 summit, the global peace summit, the security agreement, sanctions, Ukraine's sovereignty and other issues related to US support for Ukraine.
Pope Francis arrived at the G7 summit, shook hands with world leaders, including Biden and Modi, and gave a speech on AI.
During the G7 summit, Canada announced new sanctions against Russia, targeting individuals and entities and the military-industrial complex, including the Pobeda airline and Russian media.
The G7 summit will discuss how Ukraine can benefit even faster from frozen Russian assets, as announced by European Commission President Ursula von der Leyen.
Turkish Foreign Minister Hakan Fidan will represent Turkey at the peace summit in Switzerland after attending a meeting of BRICS foreign ministers in russia.
Zelensky will meet with Biden in Normandy and at the G7 summit to discuss Ukraine's fight with Russia and opportunities for continued support, including the potential use of frozen Russian funds for Ukraine's military efforts.
The peace summit aims to involve representatives of the Russian Federation in peace talks, paying special attention to nuclear and food security, as well as the return of abducted Ukrainian children.
Zelensky will take part in the G7 summit, where the key topics will be increasing defense support, creating a coalition of fighter jets and accelerating the supply of F-16s and air defense systems.
President Volodymyr Zelensky will take part in the group of Seven summit, which will be held on June 13-15 in the city of Brindisi in southern Italy, Italian Prime Minister Georgia Meloni confirmed.
The G7 and EU countries are considering tightening restrictions on banks that help Russia circumvent existing sanctions. Discussions are expected to continue until the G7 summit in June, where the leaders want to agree on a set of measures to better enforce sanctions
Biden is likely to skip the Peace Summit in Switzerland to attend a fundraiser for his campaign in California with celebrities such as George Clooney and Julia Roberts.
Israel is concerned that the International Criminal Court may issue arrest warrants for its top officials on charges related to the war against Hamas in Gaza.
Ukrainian President Volodymyr Zelenskyy plans to attend D-Day celebrations in France and the G7 summit in Italy next month to appeal to the West for military support, demanding the confiscation of Russian assets to finance Ukraine's defense.
The European Union has approved the use of proceeds from frozen Russian assets worth up to 3 billion euros this year to support Ukraine, of which 90% will be allocated for military aid, Czech Foreign Minister Jan Lipavsky reports.
Germany agrees to support a U. S. plan to use frozen Russian assets, mostly in Europe, to provide $50 billion in aid to Ukraine.
India will participate in all important global summits to advance the agenda of global peace, security and development, voicing the concerns of the Global South and promoting a vision of people-centered development and a prosperous and peaceful world.
The NSDC emphasizes that Ukraine seeks a lasting peace for decades through security guarantees, such as NATO membership, and not just a temporary ceasefire to ensure the country's recovery and further development.
The G7 allies are set on a US plan to freeze Russian assets for Ukraine even before a potential Trump presidency, the FT reports.
The National Bank of Ukraine has set the official hryvnia exchange rate at 39. 4272 UAH/USD, strengthening the hryvnia by 1 kopeck.
The US State Department plans to confiscate Russian assets in the US and use them to compensate Ukraine for the damage caused by the Russian invasion, working with G7 partners.
During a telephone conversation, President of Ukraine Volodymyr Zelenskyy discussed the peace summit in Switzerland and a bilateral security agreement with Slovenian Prime Minister Golob.
The Minister of Finance of Ukraine Sergii Marchenko discussed with the G7 ambassadors the government's reform of civil servants' remuneration based on job classification aimed at ensuring predictability, transparency and decent salaries to attract professionals to work in government agencies.
Biden challenges Trump to two presidential debates, one in June after Trump's trial and the other in September, proposing alternative debate formats to be conducted by news organizations instead of the nonpartisan Commission on Presidential Debates.
Diplomats are trying to secure the participation of the Global South in the Peace Summit for Ukraine by focusing on a narrow set of goals. More than 160 countries have been invited to the Summit, which will take place on June 15-16.
In the last month alone, the enemy fired over 1,600 missiles, drones and artillery at peaceful cities, killing 171 civilians.