G7 leaders In Italy, Hoping to seal a deal on providing $50 billion for Ukraine using frozen Russian assets

G7 leaders are gathering for the first day of a summit in Italy, hoping to seal a deal on providing $50 billion for Ukraine using frozen Russian assets.

 

Ukraine's President Volodymyr Zelensky will join US President Joe Biden.and leaders from Italy, Britain, France, Germany, Canada and Japan at the luxury Borgo Egnazia resort in Puglia .

 

 The leaders hope to agree on an urgent loan to help Kyiv with defence, budgetary support and help for reconstruction after more than two years of war with Russia.

 

 The loan would be secured against the future profits from interest on 300 billion euros ($325 billion) of Russian central bank assets frozen by Western allies.

Source: AFP

#MiddleEastAffairs: G7 working on measures against Iran, says British PM

“We are urgently working with our allies to see what steps we can take together in a coordinated fashion to deter and condemn what Iran is doing,” Rishi Sunak said in the British parliament, citing discussions among Group of Seven (G7) leaders over the weekend.

“I spoke to my fellow G7 leaders; we are united in our condemnation of this attack.”

He added that the coordination of any measures, including sanctions, among allies would ensure they have maximum impact on Iran and those sanctioned.

Earlier, Italy, which holds the rotating presidency of the G7, said it was also open to new sanctions against individuals taking hostile action against Israel.

The G7 is comprised of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

However, Iran has endures various economic sanctions and economic terrorism for the past 44 years.

Source: Aljazeera news 

#MiddleEast: G7 Leaders condemned Iran's unprecedented attack against Israel

Calling it an  unprecedented attack , the leaders of the G7 nations accused Iran of further stepping “toward the destabilisation of the region”, adding that Tehran “risks provoking an uncontrollable regional escalation”.

“This must be avoided,” the statement added.

“We will continue to work to stabilise the situation and avoid further escalation. In this spirit, we demand that Iran and its proxies cease their attacks, and we stand ready to take further measures now and in response to further destabilising initiatives.”

Today, we, the G7 Leaders, condemned Iran's unprecedented attack against Israel in the strongest terms.

We express our solidarity and support to the people of Israel.

And reaffirm our commitment towards its security.

We'll continue to work to stabilize the situation. pic.twitter.com/yCD1PHH2JN

— Ursula von der Leyen (@vonderleyen) April 14, 2024

 

 White House comment after the end of G7 meeting:

President Biden spoke by secure video with the leaders of the G7 today. The leaders condemned Iran’s unprecedented attack against Israel and reaffirmed the G7's commitment to Israel's security. pic.twitter.com/ZvdSJyNbFY

— The White House (@WhiteHouse) April 14, 2024