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
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