Biden and Macron Agree to Use Profits from Frozen Russian Assets for Ukraine Aid

The U.S. and France support an initiative to allocate profits from immobilized Russian funds to finance a major loan for Ukraine.

The agreement aims to divert profits from €260 billion in frozen Russian assets to support Ukraine.
The funds generate €2.5 billion to €3.5 billion annually, which can be used to service a $50 billion loan.
The initiative is supported by the G7 and the European Union, despite some concerns from other countries.
Russia claims that using these profits amounts to theft, but the U.S. and its allies are making progress.
Biden's visit to France included a tribute to American war dead, highlighting the importance of international alliances.