Friday, June 14, 2024
Rome (Urdu Point News Latest - NNI. June 14, 2024) G-7, a group of advanced economies, has been accused of using frozen Russian assets to provide $50 billion in cash to Ukraine to help fight Russian forces. Agreed. According to the BBC, on the occasion of the G7 summit in the southern city of Puglia, US President Joe Biden said that this move is another reminder to Russia that we will support Ukraine until we win the war with Russia. We are not backing down, nor can Russian President Vladimir Putin divide us.
According to the report, the money is not expected to be received by Ukraine until the end of this year, but it is seen as a long-term solution to support Ukraine's war effort and economy.
On the occasion of the G7 summit in Italy, Ukrainian President Volodymyr Zelensky and US President Joe Biden also signed a 10-year security agreement between Ukraine and the US.
About $325 billion of Russian assets were frozen by G-Seven in cooperation with the European Union following Russia's invasion of Ukraine in 2022. Most of the frozen assets of the Russian central bank are held in Belgium. These assets are earning about $3 billion in interest annually. According to the G7 plan, these $3 billion will be used to pay annual interest on a $50 billion loan to Ukraine, but under international law, countries cannot seize these assets from Russia and give them to Ukraine.
The Ukrainian president thanked the US and other allies for their unwavering support. G7 member countries include USA, UK, France, Canada, Germany, Italy and Japan.
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Britain's Labor Party's announcement to recognize the Palestinian state if it wins the July 4 election
Friday, June 14, 2024
London (Urdu Point News Latest - NNI. June 14, 2024) Britain's Labor Party has announced that after coming to power after winning the elections in the country on July 4, to advance the new peace process in the Middle East. will recognize the Palestinian state. According to media reports, the Labor Party is far ahead of its rivals in public opinion polls regarding the July 4 British elections.
The Labor Party manifesto states that Palestinian statehood is the inalienable right of the Palestinian people.
We are committed to recognizing Palestine in order to contribute to a new peace process that leads to a two-state solution that includes a secure Israel and an independent and sovereign Palestinian state. It will formally recognize the state of Palestine before the peace process. The government said that Palestinians in the West Bank and Gaza must be provided with a credible Palestinian state and a political perspective for a new future. It should be noted that Ireland, Norway and Spain officially recognized the state of Palestine in May this year.
