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turkey and russia deepen ties in trade tourism and energy despite conflict
Turkey and Russia have strengthened their collaboration in trade, tourism, and energy following Russia's invasion of Ukraine. Despite this partnership, Turkey has opposed Moscow's actions and has supplied Kyiv with attack drones.
eu approves 35 billion loan to support ukraine's economy amid g7 initiative
The EU has approved a loan of up to €35 billion to Ukraine as part of a broader G7 initiative to provide $50 billion in support for the war-affected economy by year-end. The loan will be repaid using profits from over €250 billion of Russian assets frozen in Western banks since February 2022. While the U.K. and Canada have pledged $3 billion and $3.6 billion respectively, the U.S. and Japan's contributions remain unclear, with the U.S. indicating a willingness to participate despite ongoing sanctions discussions.
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