G7 supports India-Middle East-Europe corridor, aids Ukraine defense
Hindustan Times — June 15, 2024, 07:00 AM UTC
Summary: G7 nations pledge support for the India-Middle East-Europe Economic Corridor (IMEC) during the summit. The IMEC aims to connect Saudi Arabia, India, the US, and Europe through a network of roads, railways, and shipping routes. This initiative is seen as a strategic response to China's Belt and Road Initiative. The G7 also commits to providing approximately USD 50 billion in Extraordinary Revenue Acceleration Loans for Ukraine to support its defense against Russia.
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