Biden to sign new security agreement with Ukraine during G-7 summit

ABOARD AIR FORCE ONE - US President Joe Biden will sign a new security agreement with Ukraine on June 12 to pledge America’s long-term support to the Eastern European country, during his meeting with leaders of the Group of Seven (G-7) democracies in Italy, a top US official said.

Mr Biden departed for Italy on June 12 to increase pressure on Russia over

its invasion of Ukraine

and on China for its support of Moscow and excess industrial capacity.

The agreement will make clear “our support will last long into the future... particularly in the defence and security space”, White House National Security Adviser Jake Sullivan told reporters aboard Air Force One.

“By signing this, we’ll also be sending Russia a signal of our resolve. If Vladimir Putin thinks he can outlast the coalition supporting Ukraine, he’s wrong,” he said.

Fifteen countries have signed the security agreement, which will strengthen Ukraine’s “defensive deterrence capability”, he added.

The agreement will include a commitment to working with the US Congress on funding Ukraine but will not commit to using US forces on the ground, Mr Sullivan said.

The White House had said earlier that Mr Biden will again meet Ukrainian President Volodymyr Zelensky at the summit, followed by a joint press conference.

The US also expects Mr Biden to meet India’s Mr Narendra Modi, who was

sworn in as prime minister

for a third term, and is waiting for New Delhi to formally confirm Mr Modi’s attendance at the summit.

The G-7 leaders arrive at the summit confronting myriad woes at home even as they seek solutions for many of the world’s most pressing problems.

Mr Biden, 81, spent the evening of June 11 at his home in Wilmington, Delaware, after a 12-member jury

convicted his son Hunter Biden

of lying about his drug use to illegally buy a gun in 2018, making him the first child of a sitting US president to be convicted of a crime.

The trial followed

the May 30 criminal conviction

of Republican former president Donald Trump, the first former US president to be found guilty of a felony. Mr Biden and Trump are

running against each other in the November presidential election

and are neck and neck in the polls.

The heads of the world’s most developed democracies will address multiple challenges during the June 13-15 meeting, including wars in Ukraine and the Middle East, trade imbalances with China, threats posed by artificial intelligence and development challenges in Africa.

The leaders will also announce new sanctions and export controls against Russia that target entities and networks helping Mr Putin’s forces fight the war in Ukraine. Efforts to curb Russia’s growing war economy will be a major discussion topic, administration officials said.

The US on June 12 dramatically broadened sanctions on Russia, including by targeting China-based companies selling semiconductors to Moscow, as part of its effort to undercut the Russian military machine waging war on Ukraine.

Separately, the US Commerce Department said it was targeting shell companies in Hong Kong for diverting semiconductors to Russia, taking steps that would affect nearly US$100 million (S$135 million) of high-priority items for Moscow, including such chips.

“These actions heighten the risk for financial institutions dealing with Russia’s war economy, slows down avenues for evasion while diminishing Russia’s ability to benefit from access to foreign technology, equipment, software and IT services,” Mr Sullivan said.

Shoring up funding for Ukraine will be a top priority at the G-7 meeting, with US and European officials eager to lock in solutions, ahead of a possible Trump re-election and the uncertainty it would raise over future US support for Kyiv.

The G-7 nations and the European Union are considering

how to use profits generated by Russian assets immobilised in the West

to provide Ukraine with a large upfront loan to secure Kyiv’s financing for 2025.

Mr Sullivan said the US is “making good progress in generating an outcome in which proceeds from those frozen assets can be put to good use”.

Mr Biden will press other G-7 leaders to agree to an innovative plan to use future interest on some US$281 billion of Russian central bank funds to back up a US$50 billion loan to Ukraine.

G-7 leaders also face electoral challenges, with polls indicating British Prime Minister Rishi Sunak will likely lose power in a national vote in July, and the leaders of France and Germany reeling from heavy defeats in recent European elections. REUTERS