Ukrainian President Volodymyr Zelensky urgently seeks more advanced Western weapons at the G7 summit to fight Russian forces. Leaders discuss utilizing $325 billion in frozen Russian assets to raise $50 billion annually for Ukraine. Bilateral security deals with Japan and the U.S. are expected. With elections looming, there's pressure to deliver substantial military and economic aid to Ukraine.
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#UkrainePresident #Zelensky #VolodymyrZelensky #Zelenskynews #G7 #G7Summit #BidenZelensky #USnews #Ukrainewarlive #Worldnews #Oneindia #Oneindianews
~PR.320~ED.101~
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NewsTranscript
00:00Zelensky pleads for support against Putin.
00:07Major agreements signed more on cards.
00:12What's on Ukraine's agenda in Italy?
00:18The ongoing conflict between the Ukraine and the Russian forces have now reached a critical
00:22juncture with Ukrainian President Volodymyr Zelensky urgently calling for more advanced
00:27weapons to bolster his country's defense efforts.
00:31As the G7 summit of the world leaders convenes in Puglia, southern Italy, Zelensky now expects
00:36important decisions to be made regarding substantial military and economic aid for Ukraine.
00:42In his telegram post, Zelensky emphasized that a significant portion of the summit's
00:46agenda will be devoted to Ukraine's defense capabilities and economic resilience in the
00:51face of Russian invasion.
00:54The Ukrainian leaders' expectations are well-founded as the G7 nations, comprising Canada, France,
00:59Germany, Italy, Japan, the United Kingdom and the United States, have been unwavering
01:04in their financial and military support for Ukraine since Russia's invasion back in 2022.
01:11One of the key discussions at the summit revolves around the U.S. plan to utilize the frozen
01:15Russian assets worth a staggering $325 billion to generate funds for Ukrainian war efforts.
01:22The White House also reported on progress on an ambitious proposal which aims to raise
01:26$50 billion annually by leveraging the interest generated from these frozen assets, most of
01:31these belonging to the Central Bank of Russia and currently held in Belgium.
01:37While the international law prohibits the direct confiscation and transfer of the assets
01:40to Ukraine, the proposed plan involved taking out loans on the international market and
01:45using the interest from the frozen assets to repay the loans.
01:49Furthermore, the U.S. and Ukraine have already signed a 10-year security pact for Ukraine.
01:54Nonetheless, President Biden's security adviser, Jake Sullivan, has also remained optimistic
01:58about reaching a favorable outcome, stating that the major tentpole of the plan has been
02:03decided.
02:04Beyond the financial aid, Zelensky has also signed a security pact with Japan and is expected
02:10to ink similar agreements more.
02:12These bilateral agreements further strengthen Ukraine's tie with the key allies and underscore
02:16the international community's commitment to support the country's defense efforts.
02:21The G7 summit is taking place against a backdrop of domestic political pressure for several
02:25Western leaders.
02:26With elections looming in countries like the U.S., U.K. and France, there is a sense of
02:31urgency to deliver tangible support to Ukraine while current administrations are still in
02:37power.
02:38Amid the complex geopolitical landscape and evolving security challenges, the G7 summit
02:42represents a crucial opportunity for Ukraine to demonstrate unity and resolve in addressing
02:48the ongoing war.
02:50As Zelensky seeks important decisions from the summit, the international community watches
02:54with bated breath, hopefully for a breakthrough that can potentially tip the scales in Ukraine's
03:00favor.