Biden and Zelenskyy to sign agreement between US, Ukraine before G7

Biden and Zelenskyy to sign agreement between US, Ukraine before G7

AP correspondent Jennifer King reports Ukrainian President Volodymyr Zelenskyy will be at Thursday’s G7 summit in Italy and meet with President Biden.

Despite pressing global challenges, White House national security spokesman John Kirby said there is still a sense of relief among world leaders in 2024 that “America was back,” referencing Biden’s 2021 speech at the G7 in Cornwall, England.

“Biden’s message then was that democracies need to step up and show they can deliver for their people,” Kirby said. “That’s true now more than ever.”

Kirby said the U.S. was prepared to work with democratically elected officials in the EU no matter who they are, though some of those being elevated have expressed far less support for Ukraine than current leaders.

“We have every confidence that regardless of who fills the seats in the European Parliament, we’re going to continue to work closely with our EU partners on all the issues relative to our shared interests across the European continent,” Kirby said. “That includes supporting Ukraine.”

Biden and Zelenskyy, who met last week in Paris, will meet again Thursday on the sidelines of the summit to discuss continued support for the Eastern European nation, which is trying to fend off an intense Russian offensive in eastern areas of the country. They are expected to hold a joint news conference. Biden is also expected to meet with Italian Prime Minister Giorgia Meloni, the pope and other leaders.

Biden, who has been adamant that “we will not walk away” from Ukraine, last week publicly apologized to Zelenskyy for a monthslong delay by Congress in authorizing additional American military assistance. The delay allowed Russia to make gains on the battlefield.

Sullivan called the security agreement a “bridge” to when Ukraine is invited to join the NATO alliance — a long-term priority of Zelenskyy’s that the allies have said will first require an end to the Russia-Ukraine war.

Biden’s back-to-back trips to France and Italy amount to a rare doubleheader of diplomacy in the midst of the presidential election. The president will skip a Ukraine peace conference in Switzerland this weekend to jet to Los Angeles for a campaign fundraiser with big names from Hollywood. Vice President Kamala Harris will represent the U.S. at the conference.

Despite the delays in military aid, the Biden administration on Tuesday announced it would send Ukraine another Patriot missile system to help fend off Russian strikes, two U.S. officials told The Associated Press. Biden approved the move, the officials told the AP, as Kyiv has desperately called for more air defenses in its battle against an intense Russian assault on the northeastern Kharkiv region.

Kirby said the U.S. would use the G7 summit to announce fresh sanctions and export control actions targeting those who have helped Russia procure what it needs for the war. He said the new measures would make it harder for financiers to support Russia’s defense mechanism.

Ukraine and many of its supporters have called for the confiscation of $260 billion in Russian assets frozen outside the country after the Feb. 24, 2022, invasion. But European officials have resisted, citing legal and financial stability concerns. Most of the frozen assets are located in Europe.

A European plan to just use the interest on the Russian funds would provide only a trickle of money every year — about $2.5 billion to $3 billion at current interest rates, which would barely meet a month’s financing needs for the Ukrainian government.

Treasury Secretary Janet Yellen said recently that G7 finance ministers have been discussing the possibility of extending a loan to Ukraine and using the windfall profits of assets seized in Europe to pay it off.

Kirby said the U.S. was optimistic the group could agree on the matter.

Biden is also expected to discuss economic concerns brought on by Chinese manufacturing overcapacity, how to use artificial intelligence in a way that maximizes benefits but still manages national security risks, and global migration.

The U.S. and other G7 nations are struggling to manage large influxes of migrants arriving for complicated reasons that include war, climate change and drought. Migration, and how nations cope with the growing numbers at their borders, has been a factor driving the far-right rise in some of Europe.

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Superville reported from Bari, Italy.

Source link : https://apnews.com/article/biden-g7-italy-ukraine-russian-assets-a43439b8386a20d1af9faec19f94bf55

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Publish date : 2024-06-12 13:09:00

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