The US finalized its $20 billion portion of a long-awaited $50 billion loan to Ukraine backed by frozen Russian assets
The US finalized its $20 billion portion of a long-awaited $50 billion loan to Ukraine backed by frozen Russian assets, announcing plans to start making funds available by year-end for economic and military aid.
US Treasury Secretary Janet Yellen and Ukrainian Finance Minister Serhiy Marchenko signed an agreement for a US loan commitment of $20 billion, which would be placed alongside a separate $20 billion European Union commitment and $10 billion to be split by G7 allies Britain, Japan and Canada.
The loan will be repaid with the earnings from the over $300 billion in sovereign Russian assets that have been immobilized since Moscow's armies invaded Ukraine in February 2022. The funds are mostly held in Europe.
"In other words, Ukraine can receive the assistance it needs now, without burdening taxpayers," President Joe Biden said in a statement.
The Biden administration wants to make $10 billion of the loan funds available for military aid, a plan that would require the approval of the US Congress, White House National Security Council officials told reporters.
Lithuanian and U.S. rescuers are working to recover a military vehicle submerged in a peat bog, where four U.S. soldiers have been missing for two days during a training exercise near the Belarus border.
Signal president Meredith Whittaker has defended the platform’s security after senior Trump administration officials mistakenly included a journalist in a private Signal group chat discussing U.S. military action against Yemen’s Houthis.
Norway’s Defence Minister, Tore O. Sandvik, affirmed that the United States remains committed to European defence, but emphasized that Europe must contribute more financially to ensure the U.S. can uphold its security commitments.
Italy’s President Sergio Mattarella expressed confidence on Monday that the European Union (EU) has the strength to effectively respond to potential U.S. tariffs.
Hyundai Steel, in partnership with Hyundai Motor Group, announced a $5.8 billion investment to build a new steel plant in Louisiana, U.S., with an annual capacity of 2.7 million tonnes.
Russian drones struck a military hospital, shopping centre, apartment blocks, and other targets in Kharkiv, Ukraine’s second-largest city, late on Saturday. The attacks resulted in the deaths of two people and injuries to at least 25 others, according to local officials and the Ukrainian military.
Prince Harry is facing accusations of “harassment and bullying at scale” from Sophie Chandauka, the chair of Sentebale, a charity he co-founded to help young people with HIV and AIDS in Lesotho and Botswana.
Syrian President Ahmed al-Sharaa announced a transitional government on Saturday, marking a key milestone in the country’s shift away from decades of Assad family rule and aimed at improving Syria's relations with the West.
Hamas has signaled acceptance of a Gaza ceasefire plan put forward by mediators Egypt and Qatar, according to the group’s chief negotiator Khalil al-Hayya. In a televised speech on Saturday, al-Hayya stated that Hamas had received the proposal two days prior and responded positively.
Ukrainian President Volodymyr Zelenskyy said on Saturday that Ukraine expects a firm response from Western countries to the relentless Russian drone attacks occurring almost daily on its territory.
Royal Australian Air Force (RAAF) pilots, monitoring a Chinese navy warship as it navigated Australian waters, were alerted to a live-fire exercise via a civilian radio broadcast, defense officials revealed on Tuesday.
A powerful 7.7-magnitude earthquake struck Myanmar’s Sagaing region, followed by a 6.4-magnitude tremor, killing more than 1,644 people and leaving 2,300 injured. The quake caused building collapses in Myanmar and Thailand, prompting emergency declarations and ongoing rescue efforts.
As the world shifts toward clean energy at an ever-accelerating pace, large economies are scrambling to secure reliable supply chains for rare earth minerals. These minerals, once seen as mere industrial components, have become a political tool in the global power struggle
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
A devastating overnight drone attack on Kyiv, attributed to Russian forces, resulted in the deaths of three people, including a five-year-old child, and left ten others injured.
Australian Prime Minister Anthony Albanese said on Sunday he expects to have a one-on-one discussion with U.S. President Donald Trump regarding tariffs, as Washington prepares to announce new trade measures on April 2.
Russian drones struck a military hospital, shopping centre, apartment blocks, and other targets in Kharkiv, Ukraine’s second-largest city, late on Saturday. The attacks resulted in the deaths of two people and injuries to at least 25 others, according to local officials and the Ukrainian military.
Prince Harry is facing accusations of “harassment and bullying at scale” from Sophie Chandauka, the chair of Sentebale, a charity he co-founded to help young people with HIV and AIDS in Lesotho and Botswana.
Ukrainian President Volodymyr Zelenskyy said on Saturday that Ukraine expects a firm response from Western countries to the relentless Russian drone attacks occurring almost daily on its territory.
The Islamic holiday marking the end of Ramadan, Eid al-Fitr, is coming up. It is one of the most important holidays for Muslims worldwide.
Russian drones struck a military hospital, shopping centre, apartment blocks, and other targets in Kharkiv, Ukraine’s second-largest city, late on Saturday. The attacks resulted in the deaths of two people and injuries to at least 25 others, according to local officials and the Ukrainian military.
Prince Harry is facing accusations of “harassment and bullying at scale” from Sophie Chandauka, the chair of Sentebale, a charity he co-founded to help young people with HIV and AIDS in Lesotho and Botswana.
Syrian President Ahmed al-Sharaa announced a transitional government on Saturday, marking a key milestone in the country’s shift away from decades of Assad family rule and aimed at improving Syria's relations with the West.
Hamas has signaled acceptance of a Gaza ceasefire plan put forward by mediators Egypt and Qatar, according to the group’s chief negotiator Khalil al-Hayya. In a televised speech on Saturday, al-Hayya stated that Hamas had received the proposal two days prior and responded positively.
Ukrainian President Volodymyr Zelenskyy said on Saturday that Ukraine expects a firm response from Western countries to the relentless Russian drone attacks occurring almost daily on its territory.
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