STRESA (Italy), May 26 — G7 finance ministers cited “progress” in finding ways to use profits from frozen Russian assets to help Ukraine as they wrapped up a meeting...
A search for creative yet legally sound solutions was top of the agenda at the two-day Group of Seven meeting in Stresa, northern Italy, as Kyiv continues its urgent appeals for more funds from Western allies in its third year of war with Russia.STRESA , May 26 — G7 finance ministers cited “progress” in finding ways to use profits from frozen Russian assets to help Ukraine as they wrapped up a meeting yesterday, envisioning a concrete proposal to present to a leaders’ summit next month.
“We do not deny the difficulties but there is a firm determination to arrive at a solution,” he added. “Knowing that you are forced to find a buyer can be difficult, however in the end you have to get out of there because there is a reputational problem as well,” he told reporters.The summit wrapped up a day after the United States announced a new US$275-million package of aid for Kyiv, part of a US$61-billion military aid deal passed by Congress last month after months of delays.
Last week, the European Union agreed to a more modest plan, using interest from Russian assets frozen by the bloc potentially amounting to up to three billion euros a year.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hundreds evacuated from Ukraine border after Russian offensiveKYIV, Ukraine, May 11 — Hundreds of people were evacuated from areas near the Russian border in Ukraine’s Kharkiv region, the regional governor said today, a day after Moscow...
Read more »
Russian drones injure 6 in Ukraine's Kharkiv, Dnipro regionsHeavy rain prompted flood warnings for large parts of Singapore on the morning of Saurday, and caused delays at Changi Airport and at the LIV Golf tournament on Sentosa.
Read more »
France estimates 150,000 Russian soldiers killed in Ukraine war, says ministerPARIS, May 3 — France estimates that 150,000 Russian soldiers have been killed during Moscow’s invasion of Ukraine, Foreign Minister Stephane Sejourne said in an interview...
Read more »
Russian missile hits educational institution, kills 5 in Ukraine’s OdesaODESA: A Russian missile attack on an educational institution in a popular seafront park in the Ukrainian Black Sea port of Odesa on Monday killed at least five people and injured 32, local officials said.
Read more »
Russian missile hits educational institution, kills five in Ukraine's OdesaA 29-year-old Indiana man is facing six criminal charges after authorities say he sent a 14-year-old New Jersey girl nude photos on SnapChat and asked her for photos and videos in return.
Read more »
Russian missile hits educational institution, kills five in Ukraine’s OdesaODESA (Ukraine), April 30 — A Russian missile attack on an educational institution in a popular seafront park in the Ukrainian Black Sea port of Odesa yesterday killed at least...
Read more »