Ukraine President Volodymyr Zelensky will sign a security deal with the United States President Joe Biden on Thursday at the backstage of the G7 leaders summit in Italy as the leaders set to adopt a new sanctions against Russia.
Agreements have also been reached among the leaders to provide Ukraine with $50 billion of seized Russian assets to help prevent Moscow’s military operation in Kyiv.
President Biden who has been the major backer of Ukraine’s war against Russia said, the United States remains committed to ensuring the victory of Ukraine at the war front.
During the G7 leaders summit in Italy, the leaders of the attending countries will also deliberate on over $250 billion of Russia’s frozen assets in their countries and how they can use the finance to aid Ukraine’s battle at the war front.
Confirming the development, an official from the French presidency on Wednesday said the European counterparts have resisted confiscating the assets citing legal and financial stability concerns, but the plan would use the interest earned on the assets to help Ukraine’s war effort.
The French official added that most of the money will be channeled to Ukraine from the United States in the form of a loan backed by the proceeds of the frozen Russian assets in the European Union.
The United States government said the new security agreement he signed between Biden and Zelensky won’t include the deployment of the U.S. troops directly into the conflict with Russia as Biden warned against nuclear confrontation with Moscow.
The top U.S. official said, the White House remains committed to the freedom of Ukraine and they’ll stand by them in solidarity in helping them address their security needs.
At the backstage of the G7 summit, President Biden will also discuss with leaders from Japan, Germany, Italy, Britain, France, and Canada on issues centering on AI, migration, Russia’s military resurgence, and China’s economic influence among global issues.