Biden, Macron Agree to Utilize Frozen Russian Assets for Ukraine’s Aid
French President Emmanuel Macron, First Lady Brigitte Macron, U.S. President Joe Biden, and First Lady Jill Biden attend a gala dinner at the Elysée Palace in Paris on June 8, 2024, strengthening diplomatic ties between the two nations. File Photo: REUTERS
In Summary:
U.S. President Joe Biden and French President Emmanuel Macron have reached an agreement on using profits from frozen Russian assets to support Ukraine.
The Group of Seven nations and the European Union are considering utilizing around 260 billion euros ($280.9 billion) of immobilized Russian central bank funds to secure financing for Ukraine in 2025 and provide an upfront loan.
In a significant development, President Joe Biden revealed on Sunday that he and his French counterpart, Emmanuel Macron, have reached...