G7 leaders seek deal to use interest from Russian assets for Ukraine

President Joe Biden is among the participants at the G7 summit in Italy. (File/AP)
Short Url
Updated 13 June 2024
Follow

G7 leaders seek deal to use interest from Russian assets for Ukraine

  • The Middle East, migration and artificial intelligence are also on the packed agenda
  • For a second year running, Ukrainian President Volodymyr Zelensky will attend the summit, taking part in talks on Thursday

BARI: Group of Seven leaders will aim to boost funding for Ukraine in its war with Russia and offer a united face in confronting China’s political and economic ambitions at their annual summit in southern Italy on Thursday.
For a second year running, Ukrainian President Volodymyr Zelensky will attend the summit, taking part in talks on Thursday, and he is due to sign a new, long-term security accord with US President Joe Biden.
The G7 leaders look likely to announce they have agreed at least in principle on plans to issue $50 billion of loans for Ukraine using interest from Russian sovereign assets frozen after its invasion of Ukraine to back the multi-year debt package.
“I think we will have the major tentpoles of this decided, but some of the specifics left to be worked through by experts on a defined timetable,” White House National Security Adviser Jake Sullivan said of the discussions.
“I think we are on the verge of a good outcome here,” he added.
Officials acknowledge the plan is complex, with legal experts still having to thrash out the details that will need the backing of European nations, particularly Belgium, which is not in the G7.

Packed Agenda
With the Middle East, migration and artificial intelligence also on a packed agenda, the June 13-15 summit in the southern Italian region of Puglia would be taxing for leaders at the best of times, but most of them are also bowed down by their own domestic woes.
Only the host, Italian Prime Minister Giorgia Meloni, is riding high after triumphing in Italy’s European election last weekend, but achieving meaningful results in the luxury Borgo Egnazia hotel resort will be a tall order.
Biden’s goal at the G7 was to reinforce the idea that the United States is best served if it is closely aligned with its democratic allies and partners, Sullivan said, when asked about the prospects of it being the president’s last summit given he faces a re-election battle in November.
Underscoring US determination to punish Moscow for its 2022 invasion of Ukraine, Washington on Wednesday dramatically broadened sanctions on Moscow, including by targeting China-based companies selling semiconductors to Moscow.
By announcing new restrictions on Chinese firms on the eve of the G7 meeting, Biden is no doubt hoping to persuade Western allies to show greater resolve in confronting Beijing over its support for Russia and its industrial over-capacity.
Speaking ahead of the start of the summit, Sullivan said that China was a significant creditor to many heavily indebted countries.
“The G7 communique is not singling out or focusing on a single country,” he said, but added that China needed to play a constructive role in dealing with the debt burden.


Australia to toughen gun laws as it mourns deadly Bondi attack

Updated 16 December 2025
Follow

Australia to toughen gun laws as it mourns deadly Bondi attack

  • Footage showed one man, identified by local media as fruit seller Ahmed al Ahmed, grabbing one of the gunmen as he fired
  • Prime Minister Anthony Albanese convened a meeting of leaders of Australia’s states and territories in response on Monday, agreeing with them “to strengthen gun laws across the nation”

SYDNEY: Australia’s leaders have agreed to toughen gun laws after attackers killed 15 people at a Jewish festival on Bondi Beach, the worst mass shooting in decades decried as antisemitic “terrorism” by authorities.
Dozens fled in panic as a father and son fired into crowds packing the Sydney beach for the start of Hanukkah on Sunday evening.
A 10-year-old girl, a Holocaust survivor and a local rabbi were among those killed, while 42 others were rushed to hospital with gunshot wounds and other injuries.
Prime Minister Anthony Albanese convened a meeting of leaders of Australia’s states and territories in response on Monday, agreeing with them “to strengthen gun laws across the nation.”
Albanese’s office said they agreed to explore ways to improve background checks for firearm owners, bar non-nationals from obtaining gun licenses and limit the types of weapons that are legal.
Mass shootings have been rare in Australia since a lone gunman killed 35 people in the town of Port Arthur in 1996, which led to sweeping reforms long seen as a gold standard worldwide.
Those included a gun buyback scheme, a national firearms register and a crackdown on ownership of semi-automatic weapons.
But Sunday’s shooting has raised fresh questions about how the two suspects — who public broadcaster ABC reported had possible links to the Daesh group — obtained the guns.

- ‘An act of pure evil’ -

Police are still unraveling what drove Sunday’s attack, although authorities have said it targeted Jews.
Albanese called it “an act of pure evil, an act of antisemitism, an act of terrorism on our shores.”
A string of antisemitic attacks has spread fear among Australia’s Jewish communities after the October 7, 2023, Hamas assault on Israel and the ensuing war in Gaza.
The Australian government this year accused Iran of orchestrating a recent wave of antisemitic attacks and expelled Tehran’s ambassador nearly four months ago.
But Israeli Prime Minister Benjamin Netanyahu accused Australia’s government of “pouring oil on the fire of antisemitism” in the months before the shooting, referring to Canberra’s announcement that it would recognize Palestinian statehood in August.
Other world leaders expressed revulsion, with US President Donald Trump condemning the “antisemitic attack.”
The gunmen opened fire on an annual celebration that drew more than 1,000 people to the beach to mark Hanukkah.
They took aim from a raised boardwalk at a beach packed with swimmers cooling off on the steamy summer evening.
Witness Beatrice was celebrating her birthday and had just blown out the candles when the shooting started.
“We thought it was fireworks,” she told AFP. “We’re just feeling lucky we’re all safe.”
Carrying long-barrelled guns, they peppered the beach with bullets for 10 minutes before police shot and killed the 50-year-old father.
The 24-year-old son was arrested and remains under guard in hospital with serious injuries.
Australian media named the suspects as Sajid Akram and his son Naveed Akram.
Tony Burke, the home affairs minister, said the father arrived in Australia on a student visa in 1998 and had become a permanent resident. The son was an Australia-born citizen.
Hours after the shooting, police found a homemade bomb in a car parked close to the beach, saying the “improvised explosive device” had likely been planted by the pair.
Rabbi Mendel Kastel said his brother-in-law was among the dead.
“We need to hold strong. This is not the Australia that we know. This is not the Australia that we want.”
Wary of reprisals, police have so far avoided questions about the attackers’ religion or ideological motivations.
Misinformation spread quickly online after the attacks, some of it targeting immigrants and the Muslim community.
Police said they responded to reports on Monday of several pig heads left at a Muslim cemetery in southwestern Sydney.

- Panic and bravery -

A brave few dashed toward the beach as the shooting unfolded, wading through fleeing crowds to rescue children, treat the injured and confront the gunmen.
Footage showed one man, identified by local media as fruit seller Ahmed al Ahmed, grabbing one of the gunmen as he fired.
The 43-year-old wrestled the gun out of the attacker’s hands, before pointing the weapon at him as he backed away.
A team of off-duty lifeguards sprinted across the sand to drag children to safety.
“The team ran out under fire to try and clear children from the playground while the gunmen were firing,” said Steven Pearce from Surf Life Saving New South Wales.
Bleeding victims were carried across the beach atop surfboards turned into makeshift stretchers.
On Monday evening, a flower memorial next to Bondi Beach swelled in size as mourners gathered.
Hundreds, including members of the Jewish community, sang songs, clapped and held each other.
Leading a ceremony to light a menorah candle, a rabbi told the crowd: “The only strength we have is if we bring light into the world.”