What could possibly go wrong ?
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G7 leaders back deal to use interest from Russian assets for Ukraine
BORGO EGNAZIA, Italy, June 13 (Reuters) - Leaders of the Group of Seven major democracies started their annual summit on Thursday, many of them under a cloud at home but determined to make a difference on the world stage as they seek to help Ukraine and counter China's economic ambitions.
Heading into two days of talks, diplomats said a deal had been agreed in principle on plans to issue $50 billion of loans for Ukraine using interest from Russian sovereign assets frozen after Moscow launched its invasion of its neighbour in 2022.
Western nations were also unanimous in their concern over China's industrial overcapacity, which they say is distorting global markets, and their determination to help African states develop their economies, diplomats said.
"There is a lot of work to be done, but I am sure that in these two days we will be able to have discussions that will lead to concrete and measurable results," Italian Prime Minister Giorgia Meloni told her G7 guests as their talks started in a luxury hotel resort in the southern region of Puglia.
