Original article by Paolo Santalucia
The Age – Page: Online : 14-Jun-24

The annual Group of Seven summit has opened in southern Italy, with the G7 leaders agreeing on a US proposal to back a $US50 billion loan to Ukraine that would use frozen Russian assets as collateral. US President Joe Biden said that the loan would serve as another reminder to Russian President Vladimir Putin that "we’re not backing down". Biden made his comments in a press conference alongside Ukrainian President Volodymyr Zelensky, at which Zelensky was asked about the question of Chinese support for Russia. Zelensky said he had had a phone call with the leader of China, and that he was told that China would not sell any weapons to Russia.

CORPORATES
GROUP OF SEVEN (G-7)