G7

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.

President Zelenskyy discussed Ukraine's peace efforts with Irish Prime Minister Harris, thanked Ireland for its humanitarian assistance, and agreed to work on a bilateral security agreement in line with the G7 Vilnius Declaration.

The EU has started negotiations on the 14th package of sanctions against Russia, which includes restrictions on Russian gas, including a ban on transshipment of Russian liquefied natural gas (LNG) and restrictions on three Russian LNG projects.

Ukraine held another round of negotiations with Portugal on a bilateral security agreement, making significant progress toward the signing of the agreement by their leaders in the near future.

Euroclear will decide to confiscate 87-89% of the proceeds from frozen Russian assets worth €2-3 billion in the coming weeks.

President Zelenskyy held phone conversations with the prime ministers of Spain and Belgium, who confirmed their participation in the inaugural Peace Summit in Switzerland on June 15-16, and discussed defense cooperation and Ukraine's integration into the EU.

Brussels is considering allowing neutral EU countries to opt out of using frozen Russian assets to purchase weapons for Ukraine, while G7 members such as Germany, France and Italy remain cautious due to legal and financial risks.

More than two million barrels of russian oil products are stuck in tankers off the coast of Oman due to South Korea's repression of direct imports from russia.

The G7 plans to provide Kyiv with $50 billion in aid from frozen Russian assets, and the US is negotiating to sign an agreement at the G7 summit in June.

Italy announces a new military aid package for Ukraine, including the SAMP/T air defense system, before the G7 summit.

Despite Ukraine's insistence, the G7 countries reportedly no longer have the idea of full confiscation of frozen Russian assets on the table, instead exploring alternative ways to obtain funds from these assets to support Ukraine.

Ukraine and Poland are working on a security guarantee agreement that will clearly define the tasks and actions of both countries to strengthen security.

The U. S. Senate unanimously passed a law banning imports of enriched uranium from Russia. The document bans imports of Russian uranium to the United States until January 2028.

The G7 energy ministers agreed to work to reduce their countries' dependence on russian nuclear-related goods, including promoting diversification of the nuclear fuel supply chain free of russian influence.

The International Group of P&I Clubs, a central organization in the global insurance industry, has expressed concern that the price ceiling on Russian oil set by the Group of Seven is becoming increasingly unworkable as more ships and services migrate to the "shadow fleet" outside of Western control.