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    G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets

    The economic lifeline is expected to be disbursed by the end of the year.The Group of 7 nations will announce on Wednesday that it has finalized plans to give Ukraine a $50 billion loan using Russia’s frozen central bank assets, according to a White House official.The loan represents an extraordinary maneuver by Western nations to essentially force Russia to pay for the damage it is inflicting on Ukraine through a war that shows no sign of ending.“Never before has a multilateral coalition frozen the assets of an aggressor country and then harnessed the value of those assets to fund the defense of the aggrieved party,” Daleep Singh, the White House’s deputy national security adviser for international economics, said on Wednesday.The announcement comes after months of debate and negotiation among policymakers in the United States and Europe over how they could use $300 billion of frozen Russian central bank assets to support Ukraine.The United States and the European Union enacted sanctions to freeze Russia’s central bank assets, most of which are held in Europe, after its invasion of Ukraine in early 2022. As the war dragged on, officials in the United States pushed for the funds to be seized and given directly to Ukraine to aid in its economic recovery.European officials had concerns about the lawfulness of such a move, however, and both sides eventually agreed over the summer that they would use the interest that the assets were earning to back a $50 billion loan.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Residents in Lebanon Flee as Israel Strikes Hezbollah-Affiliated Financial Institution

    The Israeli military conducted a wave of airstrikes across Lebanon on Sunday, targeting branches of Al-Qard al-Hasan, a financial association associated with the militant group Hezbollah.The organization was placed under U.S. sanctions in 2007 and has been accused by American, Israeli, Saudi Arabian and other officials of operating as Hezbollah’s de facto banking arm. Inside Lebanon, where Hezbollah also functions as a political organization and provides a range of social services, Al-Qard al-Hasan is designated a non-governmental organization and is viewed as a Hezbollah-affiliated charity.It operates as a lender and financial services provider for civilians in many areas of Lebanon, where the traditional banking sector is in shambles. Many of its branches are situated on the ground floors of residential buildings, and it is deeply embedded in the Shiite Muslim communities it serves.On social media on Sunday night, Avichay Adraee, the Arabic spokesman for the Israeli military, warned residents of Lebanon to evacuate buildings near the infrastructure of Al-Qard al-Hasan around Beirut and across southern and eastern Lebanon, saying that the organization “is involved in financing the terrorist activities of the Hezbollah organization against Israel.”Soon after, the sounds of explosions could be heard ringing across Beirut, the Lebanese capital. A New York Times reporter saw dense plumes of black smoke rising in the near distance after the strikes.The strikes marked an apparent escalation of Israel’s war against Hezbollah, with a senior Israel intelligence official saying the targeting of the banking system — rather than weapons depots or command and intelligence centers — was intended to disrupt Hezbollah’s day-to-day operations, undermine its support in Lebanese communities and hamper its ability to rebuild.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    $50 Billion in Aid to Ukraine Stalls Over Legal Questions

    U.S. and European officials are struggling to honor their pledge to use Russian assets to aid Ukraine.A long-awaited plan to help Ukraine rebuild using Russian money is in limbo as the United States and Europe struggle to agree on how to construct a $50 billion loan using Russia’s frozen central bank assets while complying with their own laws.The fraught negotiations reflect the challenges facing the Group of 7 nations as they attempt to push their sanctions powers to new limits in an attempt to punish Russia and aid Ukraine.American and European officials have been scrambling in recent weeks to try to get the loan in place by the end of the year. There is added urgency to finalize the package ahead of any potential shifts in the political landscape in the United States, where support for Ukraine could waver if former President Donald J. Trump wins the presidential election in November.But technical obstacles associated with standing up such a loan have complicated matters.Group of 7 officials grappled for months over how to use $300 billion in frozen Russian central bank assets to aid Ukraine. After European countries expressed reservations about the legality of outright seizing the assets, they agreed that it would be possible to back a $50 billion loan with the stream of interest that the assets earn.The solution was intended to provide Ukraine with a large infusion of funds without providing more direct aid from the budgets of the United States and European countries. It also allowed western allies to make use of Russia’s assets without taking the step of actually spending its money, which many top officials in Europe believed would be illegal.But differences in the legal systems in the United States and in Europe, which both plan to provide the money up front, have made it difficult to structure the loan.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    North Korean Missiles Rain Down on Ukraine Despite Sanctions

    Russia has received new shipments of Hwasong-11 short-range ballistic missiles, according to a new report.North Korea has continued to supply advanced short-range ballistic missiles to Russia in defiance of sanctions meant to prevent Pyongyang from developing such weapons and Moscow from importing them, according to a report by a weapons research group.Remnants of four of the missiles, which are called Hwasong-11, were examined in Kyiv on Sept. 3 by investigators from Conflict Armament Research, an independent group based in Britain that identifies and tracks weapons and ammunition used in wars around the world.That team decoded production markings on several parts from each missile collected by Ukrainian authorities.A Hwasong-11 missile used in an Aug. 18 attack on Kyiv had markings showing that it was made this year. Internal parts from three others, which were used in attacks in July and August, lacked markings that would indicate when they were manufactured.The researchers released those findings in a report on Wednesday.In early January, the White House accused North Korea of providing ballistic missiles to Russia, but subsequent shipments had not been previously reported.The Hwasong-11 missile has a range of about 430 miles and can be fitted with nuclear or conventional warheads, according to a U.S. Army report. It is visually similar to the Russian Iskander short-range ballistic missile and may have been made with foreign assistance, according to the Center for Strategic and International Studies, a Washington think tank.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Iran Sent Short-Range Missiles to Russia, U.S. and European Officials Say

    U.S. and European countries had warned of sanctions if Iran provided weapons that could be used against Ukraine. President Biden’s lame-duck status could hamper a response.Iran has sent short-range ballistic missiles to Russia, according to U.S. and European officials, despite sharp warnings from Washington and its allies not to provide those precise armaments to Moscow to use against targets in Ukraine.The new missiles are expected to help Russia further its efforts to destroy Ukraine’s civilian infrastructure, which President Volodymyr Zelensky of Ukraine said this week now involved 4,000 bombs a month across the country.The U.S. and European officials, who spoke on the condition of anonymity to discuss sensitive matters, confirmed that after months of warnings about sanctions, Iran has shipped several hundred short-range ballistic missiles to Russia. The delivery was reported earlier by The Wall Street Journal.Iran denied providing the weapons in a statement released on Friday by its permanent mission to the United Nations and said its position on the war in Ukraine was unchanged.“Iran considers the provision of military assistance to the parties engaged in the conflict — which leads to increased human casualties, destruction of infrastructure, and a distancing from cease-fire negotiations — to be inhumane,” the statement said. “Thus, not only does Iran abstain from engaging in such actions itself, but it also calls upon other countries to cease the supply of weapons to the sides involved in the conflict.”The Group of 7 nations warned in March that they would impose coordinated sanctions on Iran if it carried out the missile transfer, a warning that was repeated at a NATO summit meeting in Washington in July. On Friday, a spokesman for the National Security Council said that the United States was “alarmed” by reports of a missile transfer and was prepared to respond with “significant consequences.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    U.S. Seized an Airplane Owned by Venezuela’s Nicolás Maduro

    The Biden administration said the airplane had been illegally exported for Mr. Maduro. U.S. officials accuse him of undermining the results of a presidential election he lost.The U.S. government has seized an airplane linked to Nicolás Maduro, the leader of Venezuela, and brought it to Florida on Monday because it was bought in violation of U.S. sanctions, according to a Justice Department statement.The Biden administration is trying to put more pressure on Mr. Maduro because of his attempts to undermine the results of the recent presidential election in his country, White House officials said.The Justice Department said in its statement that it had seized a Dassault Falcon 900EX owned and operated by Mr. Maduro and his partners after it had been brought to the Dominican Republic for maintenance work. The department then had the plane flown to Florida. The plane had been purchased in the United States for $13 million through a shell company and “smuggled” out of the country “for use by Nicolás Maduro and his cronies,” Merrick B. Garland, the U.S. attorney general, said in the statement.The Homeland Security Department helped the Justice Department lead the operation, one U.S. official said. The Commerce Department was involved as well.“Let this seizure send a clear message: Aircraft illegally acquired from the United States for the benefit of sanctioned Venezuelan officials cannot just fly off into the sunset,” Matthew S. Axelrod, the assistant secretary for export enforcement at the Commerce Department, said in a written statement.Video footage broadcast by CNN on Monday showed the airplane, a sleek white jet with red stripes, sitting on a tarmac in Florida.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Elecciones en Venezuela: mandatarios del mundo exigen más transparencia a Maduro

    Los manifestantes salieron a las calles de Caracas cuando Nicolás Maduro se proclamó vencedor, mientras que la oposición señaló que el recuento de votos mostraba que su candidato había ganado.[Estamos en WhatsApp. Empieza a seguirnos ahora]Las protestas estallaron el lunes en Caracas, la capital de Venezuela. Cientos de jóvenes marcharon por las calles indignados por los resultados de unas elecciones presidenciales en las que el presidente en funciones, Nicolás Maduro, se declaró ganador a pesar de las acusaciones generalizadas de fraude y proclamó de manera oficial que las elecciones estaban decididas sin hacer público el recuento completo de votos.Estados Unidos y países de todo el mundo denunciaron los resultados oficiales de la votación del domingo, que no parecían coincidir con las proyecciones estadísticas sustentados en recuentos parciales y otros datos que mostraban que el presidente perdía por un margen amplio.El lunes por la tarde, el gobierno venezolano anunció que había expulsado a las misiones diplomáticas de siete países latinoamericanos que habían condenado los resultados electorales oficiales.La líder de la oposición, María Corina Machado, anunció el lunes por la noche que su movimiento había recibido las actas del 73 por ciento de las mesas electorales del país y refutó las afirmaciones del gobierno. Estos resultados apuntaban a que el oponente de Maduro, Edmundo González, había recibido 3,5 millones de votos más que el presidente.González calificó el margen de “matemáticamente irreversible”.La decisión de la autoridad electoral de declarar la victoria pero no hacer públicos los resultados detallados de la votación, como había hecho habitualmente en elecciones anteriores, intensificó la sensación entre muchos venezolanos y observadores internacionales de que las elecciones habían sido, en efecto, robadas.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Fencing Feud Highlights Ukrainian-Russian Animosity at Olympics

    The war has torn apart old alliances and heightened the acrimony. A Ukrainian fencer is competing after her refusal to shake hands with a Russian rival got her barred from the world championships.Olha Kharlan of Ukraine shouted in celebration under the vaulted glass dome of the Grand Palais on Monday, after an early round victory in her pursuit of a fifth career Olympic medal in saber fencing.She had reached the semifinals by late afternoon. But just her mere presence confirmed that this niche sport, perhaps more than any other, illustrates the acrimony and caustic feuding that have resulted from Russia’s invasion of Ukraine.Kharlan, 33, was disqualified from the world fencing championships last summer for refusing to shake hands with her Russian opponent. But Thomas Bach, the president of the International Olympic Committee and himself a 1976 Olympic fencing champion, gave Kharlan an exemption to participate in the Paris Games, citing her “unique situation.”There she was on Monday, competing in the Olympics, while Russia was absent from the biggest international event in fencing, a sport in which it has long been a power athletically and administratively.Ohla Kharlan, right, competing against Shihomi Fukushima of Japan in the Grand Palais on Monday.Andrew Medichini/Associated PressWith Russia banned from these Games because of its invasion, only 15 of its athletes are competing in Paris, all designated as neutral, without the accompaniment of the country’s flag or national anthem. There are none in fencing, a huge blow to the country’s Olympic prestige given that Russia and the former Soviet Union rank behind only Italy, France and Hungary in fencing’s overall medal count.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More