US, Ukraine sign 10-year security agreement as G7 gives Kyiv $50B loan
Foreign Policy,Ukraine War,G7,Joe Biden,Volodymyr Zelensky,Russia,Banking And Finance,Sanctions,Defense And Security,World
The US and Ukraine signed off Thursday on a 10-year security agreement, with the leaders of the Group of Seven nations pledging to arrange a $50 billion loan to the war-torn nation.
The security deal, signed by President Biden and Ukrainian President Volodymyr Zelensky ahead of a joint news conference on the sidelines of the annual G7 summit in southern Italy, will boost weapons-production cooperation, provide other military assistance and increase intelligence sharing.
The agreement also commits the Pentagon to another decade of training Ukraine’s armed forces.
“We’ve taken three major steps at the G7 that collectively show [Russian President Vladimir] Putin he cannot wait us out, he cannot divide us, and we’ll be with Ukraine until they prevail in this war,” said Biden, 81.
