Peter Nicholas is a senior national political reporter for NBC News.
BARI, Italy — President Joe Biden and his counterparts from the wealthiest democratic nations reached a deal Thursday giving Ukraine a $50 billion loan this year backed by frozen Russian assets, signaling a sustained commitment to beat back Russia’s invasion, U.S. officials said.
On that trip, Biden announced a separate $225 million weapons package for Ukraine. The two leaders were scheduled to sign a joint security agreement Thursday cementing a partnership aimed at preserving Ukraine’s independence and preventing Russian forces from overrunning the country. 'This is a big deal.
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