NewStats: 3,264,736 , 8,184,564 topics. Date: Thursday, 12 June 2025 at 08:58 AM 6e616q

The G7 has agreed to use frozen Russian assets to raise $50bn (£39bn) for Ukraine to help it fight invading Russian forces.

US President Joe Biden said it was another reminder to Russia "that we're not backing down", but in Moscow President Vladimir Putin said the move was "theft" which would "not go unpunished".

Also at the G7 summit in Italy, Ukrainian President Volodymyr Zelensky and Mr Biden signed a 10-year bilateral security deal between Ukraine and the US, hailed by Kyiv as "historic".
The agreement envisages US military and training aid to Ukraine - but it does not commit Washington to send troops to fight for its ally.
According to the White House, the security deal means Washington and Kyiv will work to build and maintain Ukraine's defence and deterrence capability, bolster the country's defence industrial base, and economic recovery and energy security.
The security deal also means that in the event of a future Russian armed attack against Ukraine, there will be consultation "at the highest levels to determine appropriate and necessary measures to Ukraine and impose costs on Russia", the statement added.
Separately, some $325bn worth of assets were frozen by the G7, alongside the EU, following Russia's full-scale invasion of Ukraine in 2022. The pot of assets is generating about $3bn a year in interest.
Under the G7 plan, that $3bn will be used to pay off the annual interest on the $50bn loan for the Ukrainians, taken out on the international markets.
The money is not expected to arrive until the end of the year but is seen as a longer-term solution to Ukraine's war effort and economy.

Speaking at a t news conference at the summit's venue in Puglia, southern Italy, President Biden said the $50bn loan would "put that money to work for Ukraine and send another reminder to [Russian President Vladimir] Putin that we're not backing down".
The US leader stressed that Mr Putin "cannot wait us out, he cannot divide us, and we'll be with Ukraine until they prevail in this war".

President Zelensky thanked his American and other allies for their unwavering .
And referring to the new security deal, he said: "It's a truly historic day and we have signed the strongest agreement within Ukraine and the US since our independence [in 1991]".

The G7 group of rich nations, Canada, , , Italy, Japan, the UK and US, have been important financial and military ers of Ukraine as it battles to contain occupying Russian forces.

Other G7 leaders also hailed the $50bn loan deal, with UK Prime Minister Rishi Sunak describing it as "game changing".
The $50bn loan is a sizeable pot of money, when compared with the $61bn worth of US military aid that was finally agreed in May.
A senior White House official said the G7-agreed fund will have "multiple" uses, which could include "military , budget , humanitarian , reconstruction ".
There will be "flexibility in this structure," the US official added, as some countries "prefer to send their money to budget and to reconstruction" while others will have funds "earmarked" for military .

Some of those in Kyiv, who had been pushing for this cash, had wanted the G7 to release the whole frozen fund of $300bn, not merely the interest it is generating. The European Central Bank had ruled that out.
The bank's president, Christine Lagarde, has previously warned that such a move risked "breaking the international order... you would want Russia to respect".
Unlike the US aid package, which directly translated into more missiles being sent to the front line, this money will likely not arrive until the end of the year, meaning it will have little impact on the current course of the war.
For now, Ukraine says it still urgently needs more weapons - primarily air defence systems to blunt Russia’s missile and drone attacks on its cities and power stations, as well as long awaited F-16 fighter jets, which it hopes will start arriving as early as this summer.
At the G7 summit, Mr Zelensky said the new security agreement included US shipments of those warplanes.
The loan deal is also hugely symbolic for Ukraine. Its aggressor is now being forced to pay, not only to repair the devastation it has wrought - but for Ukraine to defend itself.
One of Mr Zelensky's closest advisers has said that the West’s decision to punish Russia in this way, in one sense, marks a turning point in the war.
However, the loan is unlikely to force a Russian U-turn on its war in Ukraine.
Most of the frozen assets of the Central Bank of Russia are being held in Belgium.
Under international law, countries cannot confiscate those assets from Russia and give them to Ukraine.

Speaking the day after the G7 decision was announced, President Putin vowed that the move "would not go unpunished".

Moscow has said it interprets attempts by the West to use money generated from frozen Russian assets as a criminal action.
In February, Russia's Finance Minister said the country had "ways to respond" if Western nations moved to seize Moscow's funds.
European officials have previously said that European investors have around €33bn worth of funds stuck in Russia.

https://www.bbc.com/news/articles/cllldqyg19ro

This people no dey fear Russia😂

frankadrian:
This people no dey fear Russia😂

You don't fear bullies. You stand up to them and they run and hide.

But if you don't. They become more empowered

Bullies are cowards. When you stand up to them,they go and hide their cowardly face

Nice

All hail pro-Putin l*natics

Nobody fears Russia anymore

Very soon, the principal itself will be seized completely

World leaders. To eradicate poverty, it hard for them. But easy to sponsor wars.

The west can tell you what’s right and wrong. But then, what’s right can be wrong!

Useless set of people gods WI punish all Nigeria governments

When the USA illegally invaded Iraq, who froze their assets?

When the USA, and UK illegally bombed LIbya, who froze their assets?

When the USA stole Iraqi and Afghanistan gold, who froze their assets?

Let us all continue, since it is now a battle of the strong.

Afterall, the USA and its European lapdogs all have assets in Russia too nah, it is tit for tat.

Furthermore, the 20% of land with numerous minerals and industrial assets that Ukraine has lost, is lost forever.

Ukraine have been colonized in 21st century. When I was writing A developers had agreement to rebuild Ukraine, people didn't know where the story dey go

Nice one

This war is not ending anytime soon

Zelensky nigga is the greatest scammer of all time. $50 Billion dollars legit in the pocket.

The best part of it is that, countries are willing to fund him more.

Guinness book of records should recognize this man.

Slowormir you see you mate

If not his HK, I no do yahoo

Nigga give us location and update ooooo

Make Putin kukuma nuke this Ukraine
This is getting embarrassing

mbahdi:
Useless set of people gods WI punish all Nigeria governments

What you guys Obidients are doing will come as a reminder in the next few years. You have no regards for anyone or anything called Nigeria. You even use every avenue on Nairaland to show ur hatred for the country yet you will come here to preach how Peter Obi is the best for anyone to take home. You denigrate Yoruba and called them Hausa puppet, you see nothing good in anyone except your people even when everyone knows you are only paying lip service cos we all know you guys don't even love yourselves. that your only votes cannot bring in Peter obi as the president of this country and that you will need others especially Yoruba when the time comes. You guys can attack like you like but time shall surely tell soon

G7 dey whine !?

US and corner corner. Abi make Russia just attack US make war start !??

helinues:


Modern colonization.

What do you understand by colonization? Hurry up ok.

Na by force sha to wreck Russia!

If it's Israel they'll walk with their head instead!

Russia would still survive USA and G7 or even G20!

And some dey USA like this?

And na people vote for Biden so?

Who will Putin punish now 😂

From Russian assets? Now this is wrong. Your money is not even your money.

After they will still asked themselves, WHY IS EVERYONE REJECTING DOLLAR?

Dollar and western financial system has been weaponized to target people who don't agree with the west.


But guess what? BRICS will be the final nail in their coffin.

The impact of this war on Russia is enormous. Russia underestimated the resolve of the West to Ukraine. US is the undisputed superpower. As long as they are the ones printing and controlling the dollar, forget it, they will keep dolling it out to whoever they want. As long as dollar is controlling the world trade, US has upper hand in any economic or military confrontation with Russia. I am sure Putin is tired of this war but doesn't know how to end it. Russia may not get back up to 20% of their frozen assets after the war. Their own companies are suffering as they can't trade with other countries as some companies in other countries are afraid of US sanctions

America and Nato will not back down until there country threatened or ukraines is attacked with nuclear nukes l.

Isn't this more solid reason why others countries should abandon dollar just saying

mach7:
When the USA illegally invaded Iraq, who froze their assets?

When the USA, and UK illegally bombed LIbya, who froze their assets?

When the USA stole Iraqi and Afghanistan gold, who froze their assets?

Let us all continue, since it is now a battle of the strong.

Afterall, the USA and its European lapdogs all have assets in Russia too nah, it is tit for tat.

Furthermore, the 20% of land with numerous minerals and industrial assets that Ukraine has lost, is lost forever.

Only coward Awolowo frozed Igbo's after the war.

frankadrian:
This people no dey fear Russia😂

They don't fear when they are acting in group. Individually, they are cautious of the big devil.

tishbite43:
Make Putin kukuma nuke this Ukraine
This is getting embarrassing

he no fit,even him generals no go listen to the order

Lol Any nation with sense avoids confrontation directly or indirectly with America like China is doing now diplomatically because you can never win America whether militarily or diplomatically or anything you can think of..America own 98% of the major institutions you see in the world today with their headquarters all in New York

If this is not criminality what is it ?

Loan you say? LMAO 🤣🤣🤣🤣

Good decision.
Wike for US/Ukraine
Fubara for Russia