Ukraine Secures $1B from Frozen Russian Funds; G7 Nations Back aid as Moscow Fumes over "Theft"
Video Credit: Oneindia - Duration: 03:17s - Published
Ukraine Secures $1B from Frozen Russian Funds; G7 Nations Back aid as Moscow Fumes over "Theft"
Ukraine has received $1 billion from a US-backed loan funded by frozen Russian assets, marking the first installment of a $50 billion G7 package aimed at supporting Ukraine's reconstruction.
This unprecedented move has sparked legal and political debates, with Russia condemning the asset seizure as theft and vowing to take legal action.
#UkraineAid #RussianAssets #G7Support #FrozenFunds #Reconstruction #InternationalLaw #RussiaUkraineConflict #IMFWarning #GlobalFinance #AssetSeizure #Oneindia #OneindiaNews
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Armenia and Azerbaijan move closer to peace, pushing Russia out from the South Caucasus
Leaders of Armenia and Azerbaijan meet in Abu Dhabi to finalise the peace agreement and forge a future side by side after nearly four decades of conflict. What was previously seen as an impossible peace became a reality after Russia’s all-out war against Ukraine.
READ MORE : http://www.euronews.com/2025/07/10/armenia-and-azerbaijan-move-closer-to-peace-pushing-russia-out-from-the-south-caucasus
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Credit: euronews (in English) Duration: 02:00Published
As Trump pledges 10 Patriot missiles to Kyiv, the EU is preparing a massive €100 billion support plan for Ukraine, potentially the largest in the war. Framed as the final phase against Putin’s forces, the package—slated to begin in 2028—would blend grants and soft loans tied to reforms. Proposed under the EU’s next seven-year budget, it signals long-term Western backing. Moscow decries the move as NATO-driven escalation, warning it exposes the EU’s dependency on U.S. strategy.
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Donald Trump in a stunning U-turn refused to confirm if the U.S. will be supplying Patriot Missiles to Ukraine. This comes just a day after the U.S. President had said that he had approved the supply of 10 Patriot Missiles to Ukraine as the War with Russia enters into a new phase.
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Germany's far-right AfD leader Alice Weidel launched a fiery attack on CDU chief Friedrich Merz in parliament, slamming his party’s support for continued Ukraine funding. In a pointed remark, Weidel accused Merz of hypocrisy, saying, “You cry poverty, then send billions to Kyiv.” Her speech sparked uproar in the Bundestag, highlighting growing political tensions over Germany’s role in the Ukraine conflict and the domestic economic fallout.
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The United States has confirmed it is sending another Patriot air defense system to Ukraine to help the war-torn nation counter Russia's escalating aerial assaults. This decision comes as former President Donald Trump issued a strong statement, bashing Russian President Vladimir Putin for his aggressive military strategy. For months, Ukraine has pleaded for more advanced air defense, as the previous freeze in U.S. military aid allowed Russian warplanes to dominate the skies and launch devastating strikes with ballistic missiles like the Iskander and the hypersonic Kinzhal.
The Patriot system is considered Ukraine's only reliable and effective shield against these specific high-speed threats. Its advanced radar and PAC-3 MSE interceptors are critical for protecting high-value targets, including the capital city of Kyiv, and vital energy infrastructure that Russia has systematically targeted. President Volodymyr Zelenskyy has stated that Ukraine needs more of these systems, as the current six to eight units leave vast areas of the country exposed to Russian attacks.
However, the deployment is not without risks. Each Patriot missile costs between $2-4 million, and Russia actively targets these valuable systems on the battlefield. The U.S. itself has a limited global inventory of Patriot units, balancing urgent requests from Ukraine with strategic commitments to allies in the Middle East and the South China Sea. This deployment signals a critical phase in the Russia-Ukraine war, testing both Ukrainian resilience and American strategic resolve.
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The geopolitical stage is set for a major confrontation as the BRICS alliance prepares for its 2025 summit in Brazil. The bloc, which will include ten member nations, is openly challenging the long-standing economic hegemony of the United States. With members like China, Russia, and Brazil leading the charge, BRICS now represents a formidable force, accounting for 45% of the global population and 35% of the world's GDP. The group's primary objective is to reduce its dependency on the U.S. dollar by promoting trade in local currencies and developing alternative financial systems.
The tension has escalated dramatically following a direct threat from former U.S. President Donald Trump. He warned that any nation aligning with BRICS' anti-dollar policies would face severe consequences, including a blanket 10% tariff with "no exceptions." This aggressive stance is a clear signal that the U.S. views the rise of BRICS as a direct threat to its ability to impose sanctions and control global financial networks like SWIFT.
In response to the mounting criticism and Trump's threats, China's Foreign Ministry spokesperson, Mao Ning, has publicly pushed back. While rejecting claims that BRICS is an "anti-American" coalition, she firmly stated that the mechanism is not targeted at any single country. However, she also reiterated China's long-standing opposition to "tariff wars and trade wars," sending a clear message to Washington. This high-stakes diplomatic battle between the established G7 powers and the rising BRICS alliance could reshape the future of the global economy.
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Trump Vs BRICS: In a move set to rattle global markets, former President Donald Trump has issued a severe warning to the BRICS nations and their allies. He threatens to impose a blanket 10% tariff on any country adopting what he terms "anti-American" policies backed by the bloc. This declaration comes after the 2025 BRICS Summit in Brazil, where the member nations, now numbering ten, issued a joint condemnation of recent US-Israel strikes on Iranian nuclear facilities, calling them "illegal."
The BRICS bloc, now representing 45% of the global population and 35% of the world's GDP, has become a significant geopolitical force. In their summit, they also criticized the West's "double standards" on global terror, specifically citing the Pahalgam attack in Kashmir as an example. This direct reference brings the conflict to India's doorstep. Trump claims the tariff letters for 12 countries are already "signed and ready," though sources suggest this could be a strategic bluff to test the bloc's unity.
This escalating tension is rooted in BRICS's core mission: to reduce dependence on the U.S. dollar. With their internal trade hitting $1 trillion in 2025 through local currency systems, the bloc, heavily influenced by China and Russia, is seen as a direct challenge to America's sanctions power and its dominance via institutions like the IMF and G7. For Trump, the bloc's growing anti-West stance and expanding economic influence represents a primary threat to American global leadership, setting the stage for a potential economic war.
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World Bank data reveals India ranks fourth globally in income equality, boasting a Gini Index of 25.5 in 2022. This places India ahead of China, the United.. IndiaTimes
In a statement on the G7 and Nato summits, the Prime Minister said: “There is now a window for peace. We urge Iran and Israel to honour the ceasefire and seize this opportunity to stabilise the region.” Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
In a bold and unequivocal message, Prime Minister Narendra Modi has dismissed US President Donald Trump’s claim of brokering a ceasefire between India and Pakistan. After a high-stakes phone call post-G7 Summit, India clarified that all communications with Pakistan were strictly bilateral — handled via military channels with no third-party involvement. Foreign Secretary Vikram Misri emphasized India’s long-standing position against external mediation and underlined full political unanimity on the issue. Modi also told Trump that India now views terrorism as "actual war, not proxy war", following the deadly Pahalgam attack that claimed 26 lives.
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IMF chief: European lifestyle is at risk if productivity isn’t boosted
Progress on the single market needs to be a priority for the European Union, Kristalina Georgieva told Euronews.
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Credit: euronews (in English) Duration: 02:18Published
Middle East conflict adding to uncertainty amid trade tensions, IMF chief says
Former European Commission Vice-President and current IMF chief Kristalina Georgieva spoke to Euronews about the state of the global economy amid escalating trade tensions and the outbreak of a new conflict involving Iran.
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Credit: euronews (in English) Duration: 03:00Published
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