US, Europe clear way to $50B Ukraine loan in deal to tie up Russian assets until Moscow pays for war

By COLLEEN LONG and DARLENE SUPERVILLE
Associated Press

BORGO EGNAZIA, Italy (AP) — President Joe Biden and top global allies are acting on dual fronts to reinforce their solidarity with Ukraine as it fights off Russia’s invasion. Group of Seven leaders are clearing the way for a $50 billion loan package for Kyiv and Biden is prepared to sign a security agreement with Ukrainian President Volodymyr Zelenskyy. The money and the security support are being announced during the annual G7 summit, held this year in southern Italy. The moves are intended to show Russian President Vladimir Putin that the world’s leading industrialized democracies were standing behind Ukraine.