Amid Russia’s ongoing invasion of Ukraine, the United States and Ukraine have entered into a ten-year bilateral security agreement. President Joe Biden and Ukrainian President Volodymyr Zelensky signed the agreement today at the G7 summit in Italy, underscoring the U.S.’s long-term commitment to bolstering Ukraine’s defense and deterrence capabilities.
Standing alongside Zelensky, President Biden emphasized that the agreement demonstrates the U.S.’s unwavering support for Ukraine and its stance against Russian President Vladimir Putin’s illegal aggression. “This agreement shows that we are not backing down from our commitment to support Ukraine against Russian aggression,” Biden stated, highlighting the enduring partnership between the two nations.
The G7 leaders also reached a consensus to utilize $50 billion of frozen Russian assets to provide a substantial loan to Ukraine. This financial aid aims to fortify Ukraine’s economy and military as it continues to fend off Russian advances. The decision to repurpose these assets underscores the international community’s strategy to leverage economic measures in support of Ukraine’s sovereignty and stability.
President Zelensky expressed gratitude for the U.S.’s continued support, noting the critical importance of the new security agreement in enhancing Ukraine’s defense capabilities. “This bilateral security agreement is a vital step in ensuring our long-term security and resilience against ongoing threats,” Zelensky remarked.
The G7 summit, hosting leaders from some of the world’s most powerful economies, has focused heavily on the geopolitical ramifications of Russia’s actions and the collective response needed to address them. The agreement between the U.S. and Ukraine signifies a robust and united front, aiming to deter further aggression and promote peace and stability in the region.
As the summit progresses, the international community remains vigilant in its efforts to support Ukraine, with discussions ongoing about additional measures to counter Russian aggression and assist Ukraine in its reconstruction and defense efforts.
