Meloni describes Putin's cease-fire offer for Ukraine as 'propaganda'

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Meloni describes Putin's cease-fire offer for Ukraine as 'propaganda' - Business Standard

Quick Summary:

Italian Premier Giorgia Meloni on Saturday dismissed a cease-fire offer for Ukraine by Russian President Vladimir Putin as propaganda, as she wrapped up a Group of Seven summit that saw a deal reached for a USD 50 billion loan to Ukraine.

The loan agreement was reached at the opening Thursday of the two-day annual meeting of leaders from the G7 countries of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States in southern Italy's Puglia region.

The frozen Russian assets to be used as collateral are mainly in Europe, so Europe is already contributing by identifying the guarantee mechanism, she added.