The EU and G7 are working on a plan to use frozen Russian assets to aid Ukraine, while Armenia is taking the first steps towards EU visa liberalization.
The European Union and the Group of Seven G7 leading industrialized nations are slowly gearing up new legislation that will allow a $50 billion loan to go to Ukraine by the end of the year. The political decision for that loan was already agreed when the G7 met in Italy for its annual summit on June 13-15.
EU diplomats I have spoken to have noted that the two decisions signal closer cooperation with Armenia as the country appears to loosen its political and economic dependence on Russia. Of the two deals, the start of the visa liberalization dialogue is the bigger prize -- at least down the road.
G7 Russia Ukraine Frozen Assets Sanctions Armenia Visa Liberalization European Commission European Peace Facility
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