Washington, 13 June 2024 (TDI): US President Joe Biden will sign a new Security agreement with Ukraine during the G7 Summit in Italy today.
The US official said America will provide long-term support to Ukraine during Biden’s meeting with the G7 in Italy.
According to the reports, Biden’s visit to Italy on Wednesday increased pressure on Russia for its aggression against Ukraine and China for its support of Moscow.
White House Advisor Sullivan said, “The agreement will make clear “our support will last long into the future, particularly in the defense and security space.”
In addition to this, Sullivan said, “By signing this we’ll also be sending Russia a signal of our resolve. If Vladimir Putin thinks he can outlast the coalition supporting Ukraine, he’s wrong.”
Moreover, Advisor Sullivan said, “Fifteen countries have signed their security agreements, which will strengthen Ukraine’s defensive deterrence capability.”
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“The US agreement will include a commitment to working with the US Congress on funding Ukraine going forward but will not commit to using US forces on the ground,” Advisor Jake Sullivan concluded.
According to the White House, Biden will meet Ukraine’s President Zelensky at the G7 Summit.
Moreover, Biden will also expect to meet India’s Prime Minister Narendra Modi and wait for India to formally verify Modi’s presence at the Summit.
During the G7 Summit from 13 to 15 June, Leaders will address multiple issues. It includes Ukraine and the Middle East wars, China’s trade imbalance, Africa’s developmental challenges, and the AI threat.
Moreover, leaders of G7 will announce Monetary Sanctions on Russia. According to the reports, “Efforts to curb Russia’s growing war economy will be a major discussion topic.”
The US will impose sanctions on Russia, including targeting China-based companies selling semiconductors to Moscow.
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The Commerce Department said, “It was targeting shell companies in Hong Kong for diverting semiconductors to Russia, taking steps that would affect nearly $100 million of high-priority items for Moscow including such chips.”
Advisor Jake Sullivan said, “These actions heighten the risk for financial institutions dealing with Russia’s war economy, slows down avenues for evasion while diminishing Russia’s ability to benefit from access to foreign technology, equipment, software and IT services.”
Moreover, Sullivan said, “The US is making good progress in generating an outcome in which proceeds from those frozen assets can be put to good use.”
According to reports, Biden will insist other G7 members agree on the innovative plan to “use future interest on some $281 billion of Russian central bank funds to back up a $50 billion loan to Ukraine.”
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