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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Ahead of President Trump's summit with President Putin, it was vital Ukraine's European allies presented a united front and that's exactly what we got following.. Sky News
'Putin is bluffing,' Zelenskyy tells Trump as European leaders push for Ukraine ceasefire
Volodymyr Zelenskyy and Ukraine’s European partners are pushing Donald Trump to prioritise a ceasefire at his upcoming meeting with Vladimir Putin in Alaska on Friday. Since they won't be there, Kyiv and its allies are trying to make their voices heard.
READ MORE : http://www.euronews.com/2025/08/13/putin-is-bluffing-zelenskyy-tells-trump-as-european-leaders-push-for-ceasefire
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Credit: euronews (in English) Duration: 02:00Published
President Donald Trump set high stakes ahead of his upcoming summit with Russian President Vladimir Putin, stating that a second meeting will only take place if he receives the answers he wants. Trump also suggested the possibility of an immediate follow-up meeting including Ukrainian President Volodymyr Zelensky, highlighting the high-tension diplomacy surrounding the Ukraine conflict. Watch the full update on Trump’s bold statements and the potential international implications.
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Data reveals the EU's significant role in Russia's fossil fuel revenues, surpassing India's contribution since the Ukraine conflict began. Despite Western.. IndiaTimes
India has doubled down on its decision to continue purchasing discounted Russian crude oil despite U.S. President Donald Trump's remarks suggesting New Delhi may halt such imports. Indian state-owned refiners reaffirmed that sourcing oil from Russia remains a strategic, price-driven choice essential for the country’s energy security, given its 85% crude import dependence. Officials emphasized that Russian oil is not under international sanctions and purchases comply with the G7/EU price cap mechanism, ensuring global markets remain liquid and prices stable. Sources argue that India's imports prevented oil prices from soaring above the March 2022 peak of $137 a barrel amid OPEC+ cuts. Meanwhile, reports of suspended purchases were dismissed, with officials highlighting the EU’s own high intake of Russian LNG. India insists its decisions are guided by national interest while contributing positively to global energy stability, even as Washington hints at possible penalties.
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Conservative leader Kemi Badenoch said: “We just heard that inflation is up again, the worst in the G7. We left him with 2% inflation. We have borrowing up, unemployment up, taxes are up (..) his budget last year had high taxes. That’s why the economy is contracting.” Sir Keir Starmer replied: “I think of the working people across this country who put in every day and don’t get back what they deserve, and that’s who we’re working for. That’s who we’re fixing the country (for).”
Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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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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.
READ MORE : http://www.euronews.com/2025/06/19/imf-chief-european-lifestyle-is-at-risk-if-productivity-isnt-boosted
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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
In a powerful New Year’s message to Russian President Vladimir Putin, Chinese President Xi Jinping reaffirmed the enduring strength of the China-Russia partnership, vowing to continue fostering..
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