G7 summit opens in Italy with agreement to use Russian assets to help Ukraine
The G7 summit in Italy opened on Thursday with agreement on a US offer to provide Ukraine with a $50 billion loan that would use frozen Russian assets as collateral.
advertisingThe US proposal includes designating a loan of $50 billionto help Ukraine in its fight against Russia, which it will use as a guarantee Interests Received from Benefit from frozen assets the central bank of RussiaMost of them are in the European Union.
A French official told reporters on Wednesday that leaders had reached a political decision, but that Technical and legal details still need to be sorted out The issue is complicated because if Russian assets are never frozen (for example, if the war ends), the windfall cannot be used to repay debts, which requires burden sharing agreement with other countries.
Ukrainian President, Volodymyr ZelenskyHe mentioned the asset deal as one of several he hoped would be finalised during the summit, including another deal Bilateral Security with USA,
Meloni hosts a summit buoyed by her victory in the European elections
Prime Minister of Italy, Giorgia Meloniwelcomed the heads of state of the countries of G7 At a luxury resort south of ItalyHe said he wanted the message of the meeting to be dialogue and unity with the global South. Meloni compared the G7 to centuries-old olive trees that symbolize Puglia region“With its solid roots and branches projecting into the future.”
Melonie Arrive at the meeting Strong On the domestic and international stage, her far-right party, Brothers of Italy, achieved an even stronger result in the European Parliament elections than in the 2022 national elections, making her the first female prime minister from Italy.
beyond the discussion about UkraineThe War in Gaza And this Industrial policy of ChinaHe Pope Francisco will become First Pope to address the G7 summitadding a touch of celebrity and moral authority to the annual meeting. He is scheduled to speak on Friday about the promises and dangers of artificial intelligence, but is also expected to denounce Russia’s massive invasion of Ukraine and renew his call for a peaceful end to the war between Israel and Hamas in Gaza.
He G7 Involved Canada, France, Germany, Italy, JapanHe United Kingdom And USA. Italy, which is hosting the summit, has invited several African leaders (Algerian President Abdelmadjid Tebboune, Kenyan President William Ruto and Tunisian President Kis Saied) to help promote Meloni’s development and migration initiatives on the continent.
Other guests include the President ZelenskyBrazilian President Luiz Inacio Lula da Silva, to the Indian Prime Minister Narendra Modi ModiRecently re-elected, and incumbent, President of Türkiye, Recep Tayyip erdogan,
Biden, British Prime Minister Rishi Sunak and French President Emmanuel Macron face elections in their countries in the coming months, G7 it Under pressure Do everything you can while maintaining your current ‘status quo’.