JUST IN Uno, due, tre. As the Group of Seven (G7) summit kicked off Thursday in Apulia, Italy, US President Joe Biden presented three big steps to help Ukraine in its ongoing fight against Russian aggression. First, G7 leaders agreed to send Ukraine fifty billion dollars that will be paid for by future interest from
From Russia, with interest. The Group of Seven (G7) leaders announced Thursday that they had agreed on a plan to send fifty billion dollars to Ukraine in the coming months by pulling forward interest income on Russian assets that had been immobilized in Western countries since February 2022 (a novel idea that Atlantic Council research
The numbers don’t lie. Two years after Russian President Vladimir Putin launched his full-scale invasion of Ukraine on February 24, 2022, the humanitarian and economic costs to Ukraine have been immense. But the war has also wreaked devastating self-inflicted wounds on Russia, including catastrophic casualty rates, growing economic isolation from the West, and the mass
It’s a title fight. On Wednesday, the United States designated the Yemen-based Houthi rebels, also called Ansar Allah, as a specially designated global terrorist (SDGT) group. Recent attacks by the Iran-backed group on Red Sea shipping “fit the textbook definition of terrorism,” explained National Security Advisor Jake Sullivan. The Biden administration’s label, which follows US
More than two weeks after Hamas’s brutal October 7 attack, Israel continues to mass troops at the border with Gaza in preparation for a seemingly imminent ground invasion of the enclave. Meanwhile, escalating clashes between the Israel Defense Forces and Hezbollah along the Israeli-Lebanese border, as well as rising violence in the West Bank have
For eighteen months, half of Russia’s six hundred billion dollars in foreign exchange reserves have been out of the Kremlin’s reach. The coordinated blocking by Group of Seven (G7) powers and like-minded capitals has worked to this extent. But the debate concerning how to put the funds to good use remains unresolved. Influential voices have
