The countries in the G7 have agreed on the terms of the billion loan to Ukraine, several media reports at the same time as the meeting in Italy begins. It is a loan of 50 billion dollars to be taken from frozen Russian assets.
A provisional agreement has been concluded at civil service level. Formal decision is taken by the leaders during the meeting.
- I don't think any of them will block it, says a source with access to the Financial Times.
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The much-anticipated G7 meeting begins - new promises to Ukraine await
There is a sense of urgency as G7 leaders now meet in Italy to discuss aid to Ukraine and sanctions against Russia. Many point to the importance of reaching an agreement before the elections in the US and France, which could result in a new view of the measures, writes the BBC.
Some parties, such as the United States, have advocated the seizure of Russian assets. However, the president of the European Central Bank, Christine Lagarde, has opposed this as she believes that it would create a dangerous precedent and potentially violate international law.
According to information, the G7 leaders have instead agreed that 50 billion dollars from returns on frozen Russian assets should be sent to Ukraine before the end of the year.
The EU and the G7 countries have frozen around 300 billion euros of Russian central bank assets, writes AFP. They have also seized private assets such as yachts, properties from oligarchs close to Russian President Vladimir Putin.
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"Strongest government" invites the Pope to the summit
Italian Prime Minister Giorgia Meloni has hit the big drum ahead of the G7 meeting in Puglia today. After the great success of her party Brothers of Italy in the EU elections, Meloni's position has been strengthened, the BBC writes. Before the meeting, she has said, among other things, that Italy is participating with "the strongest government of all".
On Thursday, soldiers will patrol the streets of the coastal town of Borgo Egnazia and Pope Francis has been invited to speak about the need for global regulation of AI, the BBC reports.
Ice cream maker Vincenzo Lannacone has created seven new ice cream flavors in honor of the day – one for each country.
- I would love for the delegations to come by and taste. It would be the highlight of my life, he says.
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