US and Europe to Freeze Russian Assets Until Reparations Paid for Ukraine Invasion

The United States and European countries have agreed to lock up sanctioned Russian assets until Moscow pays reparations for its invasion of Ukraine. This move clears the way for a $50 billion loan package for Kyiv at the Group of Seven summit. The agreement will leverage interest and income from the frozen Russian assets to secure the loan. President Joe Biden will meet with Ukrainian President Volodymyr Zelenskyy to discuss a bilateral security agreement. The G7 leaders also agreed on a new $50 billion loan for Ukraine using profits from frozen Russian assets. This loan will provide help to Kyiv as it continues to struggle in its war with Russia. The leaders emphasized to Russian President Vladimir Putin the long-term commitment of Kyiv's allies. The United States is willing to provide up to $50 billion for the loan, which will be a shared initiative. The G7 leaders confirmed their support for a truce and hostage deal in the Hamas-Israel war. Joe Biden announced a security agreement with Ukraine's Volodymyr Zelensky, which includes provisions for weapons for defense. The 10-year security pact between the US and Ukraine will last beyond the current war into the period of peace.