G7 Summit Backs $50B Loan for Ukraine Amid Shifting Political Landscape

The G7 summit in Italy will back a $50 billion loan to Ukraine using frozen Russian assets. Ukrainian President Zelenskyy will sign a security deal with US President Biden. Pope Francis will address the summit, discussing AI and appealing for peace in Ukraine and Gaza. Political shifts in Europe and migration will be key discussion points.

The G7 summit, opening Thursday in Italy, has agreed on a U.S. proposal for a $50 billion loan to Ukraine, using frozen Russian assets as collateral, reinforcing support for Kyiv as Europe's political dynamics shift.

Ahead of the three-day summit, diplomats confirmed the deal, with Ukrainian President Volodymyr Zelenskyy expected to sign a bilateral security agreement with U.S. President Joe Biden.

The summit will also feature Pope Francis, addressing AI's promises and dangers, while calling for peace in Ukraine and Gaza. European political changes and migration issues will dominate discussions.