The Latest Breaking News from G7

Joe Biden and Volodymyr Zelenskiy are holding a joint press conference, just over two hours behind schedule

Foreign Secretary also defends Brexit progress as PM heads to G7 summit in Italy

Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival that would use interest earned on profits from Russia’s frozen central bank assets as collateral.

The leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival

Additional aid to Ukraine, the war in Gaza and investment in Africa will dominate the agenda of the three-day forum.

G7 leaders gather Thursday for the first day of an Italy summit, seeking to seal a deal on using frozen Russian assets to help war-torn Ukraine.

Ballistic missile strike is deadliest in weeks; Russia accused of ‘deliberate pattern’ of starvation tactics in siege of Mariupol. What we know on day 841

Group of Seven leaders have agreed to provide Ukraine with $50 billion via the use of frozen Russian assets by the end of the year, the French presidency said on Wednesday.

The “Summit on Peace in Ukraine”, hosted by Switzerland this weekend, is not a peace conference in the usual sense. Russia, which has dismissed it as irrelevant, won’t participate. And any summit aimed at ending the war can’t produce a final settlement without Russia’s involvement.