Business news from Ukraine

Business news from Ukraine

PRESIDENT OF UKRAINE WILL TAKE PART IN VIRTUAL MEETING OF G7 LEADERS ON EVE OF BIDEN’S SIGNING OF LEND-LEASE LAW

President of Ukraine Volodymyr Zelensky will take part in a virtual meeting of G7 leaders on Sunday, May 8, where they will discuss Russia’s military invasion of Ukraine.
The date of the meeting was chosen on purpose, and on May 9, US President Joseph Biden will sign the Lend-Lease Act, the US administration said.
“On Sunday morning, President Biden will participate in a virtual meeting of G7 leaders chaired by German Chancellor Scholz. Ukrainian President Zelensky will join the leaders. They will discuss the latest developments in Russia’s war against Ukraine, the global implications of Putin’s war, demonstrate support for Ukraine and the future of Ukraine, and will demonstrate the continued unity of the G7 and our collective response, including ramping up our unprecedented sanctions…,” White House Press Secretary Jen Psaki said at a briefing on Friday.
She indicated that Biden will sign the Lend-Lease Act of 2022 on Monday, May 9.
“Well, I think one should not lose sight of … the meaning of the schedule is … when this G7 meeting will take place, which is the day before Victory Day in Russia, which Putin wanted to mark as the day of victory over Ukraine. Of course, this is not so. Although he expected to march through the streets of Kyiv, this is clearly not going to happen,” Psaki said.
“But, of course, this meeting and conversation on Sunday is an opportunity not only to show how united the West is in confronting the aggression and invasion of President Putin, but also to show that unity requires work; it requires effort; it requires blood, sweat and sometimes tears. And President Biden is determined to keep working to keep the people united – to keep these leaders united as they move forward,” the White House press secretary added.
She also clarified that on May 10, Biden will receive Italian President Mario Draghi, and support for Ukraine will also be discussed at this meeting.

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