G7 leaders reach deal to use Russian assets for Ukraine

President of the European Council Charles Michel, clockwise from front left, German Chancellor Olaf Scholz, Canadian Prime Minister Justin Trudeau, President of France Emmanuel Macron, Italian Prime Minister Giorgia Meloni, U.S. President Joe Biden, Japan Prime Minister Fumio Kishida, British Prime Minister Rishi Sunak, and President for the European Commission Ursula von der Leyen take part in a working session during the G7 Summit in Savelletri Di Fasano, Italy on Thursday, June 13, 2024.

Beyond the war in Ukraine, Pope Francis will become the first pope to address a G7 summit, adding a dash of celebrity and moral authority to the annual gathering. He’ll be speaking Friday about the promises and perils of artificial intelligence, but is expected to also renew his appeal for a peaceful end to Russia’s full-scale invasion of

With Biden, U.K. Prime Minister Rishi Sunak and now French President Emmanuel Macron facing elections in the coming months, pressure was on the G7 to get done what it can while the status quo lasts.The U.S. proposal involves engineering a $50 billion loan to help Ukraine in its fight against Russia that would use interest earned on profits from Russia’s frozen central bank assets, most of them held in the European Union, as collateral.

The leaders of the G7’s two other EU members, Germany and France, didn’t fare nearly as well, rattled after hard-right parties made strong showings in the vote. Macron called a snap election and German Chancellor Olaf Scholz saw his Social Democrats finish behind mainstream conservatives and the far-right Alternative for Germany.

Italian Foreign Minister Antonio Tajani confirmed abortion was being discussed, but said discussions were continuing. He'll bring that campaign to the world’s industrialized countries as wars are raging across multiple fronts. One of his greatest concerns has been on the use of AI in the armaments sector, which has been a frequent focus of the Jesuit pope who has called even traditional weapons makers “merchants of death.”

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