
Alibaba to Spin Off Cainiao Logistics Unit for Hong Kong IPO
September 27, 2023: Chinese e-commerce company Alibaba said Tuesday that it would spin off its logistics arm, Cainiao Smart Logistics…
July 13, 2023: On Wednesday, the Group of Seven rich nations announced a long-term security framework for Ukraine. It will seek to implement a reform agenda to support and provide Kyiv with “the good governance necessary to advance towards its Euro-Atlantic aspirations.”
“We consider Russia’s illegal and unprovoked invasion of Ukraine to be a threat to international peace and security, a flagrant violation of international law, including the UN Charter, and incompatible with our security interests,” the G7 said in a joint declaration of support.
“We will stand with Ukraine as it protects itself against Russian aggression for as long as it takes.”
Outlining how the G7 will support Ukraine over the long term, the joint statement said the countries will ensure “a sustainable force capable of defending Ukraine now and deterring Russian aggression in the future” by providing modern service equipment across land, air, and sea, training for Ukrainian forces, and intelligence sharing.
The G7 said it would also seek to bolster Ukraine’s economic stability through recovery efforts “to complete the conditions conducive to promoting Ukraine’s economic prosperity.”
Due to Russia’s full-scale invasion, the countries vowed to provide technical and financial support for Ukraine’s immediate needs.
The declaration recognized “the need for establishing an international mechanism for reparation of damages, loss or injury caused by Russian aggression.”
In return for its support, the G7 statement said Ukraine would be committed to enforcing reforms, including law enforcement, anti-corruption, and corporate power.
Moscow sharply criticized the G7′s security pledges to Ukraine.
G7 intentions to supply protection guarantees to Ukraine are “erroneous and dangerous” as they breach the safety of Russia, Kremlin spokesperson Dmitry Peskov said on Wednesday in Google-translated comments collected by Russian state news agency Tass.
On Wednesday, the bloc member London said the G7 was expected to agree to a “significant international framework for Ukraine’s long-term security,” which would “set out the way allies will support Ukraine over the coming years to end the war and discourage and respond to any future attack.”
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