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HELPING UKRAINE. This handout photograph taken and released by the Ukrainian Emergency Service on Wednesday shows rescuers working at the site following a missile attack in Kryvyi Rig, amid the Russian invasion of Ukraine. At least 8 were killed and 21 injured during Russian attack on a residential building in Kryvyi Rig, according to the Minister of Internal Affairs Ihor Klymenko.
“Originally this was an American initiative,” the French presidency official said, adding in theory the loan to Ukraine would be repaid with “the proceeds from the frozen Russian assets.” The European Union — where most of the funds are being held — agreed earlier this year to use the profits for Ukraine, worth up to three billion euros a year.
The White House also said it expected to announce at the summit “new steps to unlock the value” of the Russian assets. Many G7 countries are also in political flux. Everyone in Puglia is aware this could be Biden’s last G7 summit if he loses to Donald Trump in November US elections. Jordan’s King Abdullah II — a strong supporter of the Palestinian cause whose country signed a peace treaty with Israel 30 years ago — is among around a dozen non-G7 guests also attending who are not, however, participating in the working sessions.
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