To help Ukraine buy more weapons and rebuild damaged critical infrastructure, the United States and other Group of Seven nations agreed Thursday to provide a $50 billion loan to Kyiv this year to be repaid using interest generated by $300 billion worth of immobilized Russian funds.
The first of a three-day leaders¡¯ summit in the Italian resort village of Borgo Egnazia also saw Washington sign a 10-year, nonbinding security agreement with Kyiv designed to help bolster the war-torn country¡¯s deterrence capabilities while putting it on track for eventual NATO membership.
Several other members of the U.S.-led coalition also clinched similar long-term security agreements with Ukraine, including Japan, which signed its own support deal with Kyiv the same day. These nations fear a recent battlefield push by Russia, particularly around Ukraine¡¯s second-largest city of Kharkiv, could reverse Ukraine¡¯s hard fought territorial gains.
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