G7 summit opens with deal to use Russian assets for Ukraine
Millennium Post Delhi|Delhi 14 June 2024
AS EU'S TRADITIONAL POWERS RECALIBRATE
G7 summit opens with deal to use Russian assets for Ukraine

A Group of Seven summit opened on Thursday with agreement reached on a US proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe's political chessboard shifts to the right.

Italian Premier Giorgia Meloni welcomed the heads of state of the G7 leading industrialised nations to a luxury resort in southern Italy, saying she wanted the message of the meeting to be one of dialogue with the global south and unity. She likened the G7 to the ancient olive trees that are a symbol of the Puglia region, "with their solid roots, and branches projected toward the future".

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