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.
The United States has warned that nuclear talks with Iran could be discontinued if a high-level meeting scheduled for Sunday in Oman does not produce concrete progress.
After weeks of escalating economic tensions and record-high tariffs, China’s Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent met in Geneva on Saturday in a bid to stabilize relations between the world’s two largest economies.
The U.S. Embassy in Kyiv has shared a warning about a possible air attack that could happen in the next few days.
Iranian Foreign Minister Abbas Araghchi said on Friday the Israeli Prime Minister Benjamin Nethanyau is trying out of “utter desperation” to disrupt the current indirect nuclear negotiations process between Iran and the United States.
China has agreed to send its top economic official for rare trade talks with the U.S. in Geneva, as deepening economic troubles and geopolitical frictions force Beijing back to the negotiating table.
Cardinal Vincent Nichols, the leader of the Roman Catholic Church in England and Wales, has shared his experience of participating in the recent conclave that elected Pope Leo XIV.
Pope Leo XIV has identified artificial intelligence (AI) as one of the key challenges facing humanity as he outlined his vision for the papacy.
The United States has warned that nuclear talks with Iran could be discontinued if a high-level meeting scheduled for Sunday in Oman does not produce concrete progress.
Ukrainian authorities are unwilling to engage in talks to resolve the conflict with Russia, Kremlin Spokesman Dmitry Peskov said in an interview with ABC News.
In a televised address, Prime Minister Shehbaz Sharif declared a "historic victory" for Pakistan following a US-mediated ceasefire agreement with India.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
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A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
Dua Lipa, Sir Elton John, Sir Ian McKellen, and Florence Welch are among over 400 British artists, musicians, and writers calling on Prime Minister Sir Keir Starmer to update copyright laws to safeguard their work from artificial intelligence.
As Mother’s Day approaches, new tariffs are driving up the cost of imported flowers, putting pressure on an industry already dealing with economic strain.
Pope Leo XIV made his first public outing on Saturday since being elected, stopping to pray at the tomb of Pope Francis at St Mary Major Basilica in Rome.
Cardinal Vincent Nichols, the leader of the Roman Catholic Church in England and Wales, has shared his experience of participating in the recent conclave that elected Pope Leo XIV.
Pope Leo XIV has identified artificial intelligence (AI) as one of the key challenges facing humanity as he outlined his vision for the papacy.
Cardinal Vincent Nichols, the leader of the Roman Catholic Church in England and Wales, has shared his experience of participating in the recent conclave that elected Pope Leo XIV.
Pope Leo XIV has identified artificial intelligence (AI) as one of the key challenges facing humanity as he outlined his vision for the papacy.
The United States has warned that nuclear talks with Iran could be discontinued if a high-level meeting scheduled for Sunday in Oman does not produce concrete progress.
Ukrainian authorities are unwilling to engage in talks to resolve the conflict with Russia, Kremlin Spokesman Dmitry Peskov said in an interview with ABC News.
In a televised address, Prime Minister Shehbaz Sharif declared a "historic victory" for Pakistan following a US-mediated ceasefire agreement with India.
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