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G7 agrees $50bn loan for Ukraine from Russian assets

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The G7 Summit was held in Puglia Italy [Pic BBC]

The G7 has agreed to use frozen Russian assets to raise $50bn (£39bn) for Ukraine to help it fight invading Russian forces.

US President Joe Biden said it was another reminder to Russia “that we’re not backing down”, but Moscow has threatened “extremely painful” retaliatory measures.

The money is not expected to arrive until the end of the year but is seen as a longer-term solution to support Ukraine’s war effort and economy.

Also at the G7 summit in Italy, Ukrainian President Volodymyr Zelensky and Mr Biden signed a 10-year bilateral security deal between Ukraine and the US, hailed by Kyiv as “historic”.  The agreement envisages US military and training aid to Ukraine – but it does not commit Washington to send troops to fight for its ally.

Some $325bn worth of assets were frozen by the G7, alongside the EU, following Russia’s full-scale invasion of Ukraine in 2022. The pot of assets is generating about $3bn a year in interest.  Under the G7 plan, that $3bn will be used to pay off the annual interest on the $50bn loan for the Ukrainians, taken out on the international markets.

Speaking at a joint news conference at the summit’s venue in Puglia, southern Italy, President Biden said the $50bn loan would “put that money to work for Ukraine and send another reminder to [Russian President Vladimir] Putin that we’re not backing down”. The US leader stressed that the Mr Putin “cannot wait us out, he cannot divide us, and we’ll be with Ukraine until they prevail in this war”.

President Zelensky thanked his American and other allies for their unwavering support.

And referring to the new security deal, he said: “It’s a truly historic day and we have signed the strongest agreement within Ukraine and the US since our independence [in 1991]”.

The G7 group of rich nations, Canada, France, Germany, Italy, Japan, the UK and US, have been important financial and military supporters of Ukraine as it battles to contain occupying Russian forces.

Other G7 leaders also hailed the $50bn loan deal, with UK Prime Minister Rishi Sunak describing it as “game changing”.

Most of the frozen assets of the Central Bank of Russia are being held in Belgium.  Under international law, countries cannot confiscate those assets from Russia and give them to Ukraine.

Several hours before the G7 decision was announced, Russian Foreign Ministry spokeswoman Maria Zakharova warned that there would be “extremely painful” retaliatory measures.

[BBC]



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Chinnaswamy stadium receives government clearance to host IPL 2026 final

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The Chinnaswamy Stadium is ready to host top-flight cricket once again [Cricinfo]

Bengaluru’s M Chinnaswamy Stadium has been cleared to host IPL 2026 after a government-appointed Expert Committee approved the venue for use on Monday.

The immediate implication is that Chinnaswamy – scheduled to host the season opener between Royal Challengers Bengaluru (RCB) and Sunrisers Hyderabad on March 28 – will also stage one playoff game and the final, in keeping with the tradition of the defending champions hosting the title clash.

A committee, appointed by Karnataka’s home minister G Parameshwara, conducted a thorough review of the stadium premises on Friday. The day-long audit involved several checks for structural compliance as well as measures taken to enhance crowd control around the venue.

On Monday, the final nod was given following a meeting between the Karnataka State Cricket Association (KSCA) officials, RCB’s top brass as well as members of the expert committee, chaired by G Maheshwar Rao.

The Chinnaswamy will host five RCB home games, while two others will be played at the Shaheed Veer Narayan Stadium in Raipur, as per a pre-arranged agreement between the franchise and the Chhattisgarh government.

RCB has committed to engaging with KSCA to roll out digital QR coded tickets as one of several measures to tackle overcrowding around the venue. They have also partnered with the Bengaluru Metro Rail Corporation (BMRCL) to ensure hassle-free travel.

The metro services will be extended until 1am on match days, while ticketing formalities are being worked out. It’s likely those with match tickets can travel free of cost. BMRCL is also likely to increase frequency of trains on all routes to prevent overcrowding.

As for structural measures, the KSCA have increased the number of entry points by constructing six new gates around the Chinnaswamy, while widening existing entry gates. The old NCA premises had also been equipped with ramps and tarpaulin sheets to become a holding area for fans, as they make their way towards their respective stands.

The Bengaluru police and the KSCA are working to ensure Cubbon Road – which runs alongside the main entrance of the venue – will be cleared for vehicular movement at specific intervals on match days.

The IPL has announced the schedule only for the first two weeks of the competition in 2026. In the first leg, KSCA will host one more game (apart from the opener)on April 5, involving RCB and Chennai Super Kings.

Chinnaswamy last hosted a competitive fixture during IPL 2025. Since then, the venue has been mired in controversy following the death of 11 fans during RCB’s victory celebrations on June 3.

All of KSCA’s structural changes to comply with short-term measures recommended by the expert committee have happened in two months, following the December elections where Venkatesh Prasad, the former India fast bowler, assumed office after winning a tense election.

The stadium will now officially be handed over to the IPL franchise and their event management partners, DNA Entertainment. RCB are yet to announce sale of tickets officially. That process is expected to begin later this week.

[Cricinfo]

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A new curriculum will be introduced for preschools in 2027, while steps will also be taken to train teachers accordingly – PM

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Prime Minister Dr. Harini Amarasuriya stated that a new curriculum will be introduced for preschools in 2027, while steps will also be taken to train teachers accordingly and to regulate preschools through a regulatory authority.

The Prime Minister made these remarks while addressing an awareness programme for preschool teachers in the Hambantota District on education reforms, held  on Sunday (15) at the Ambalantota Pradeshiya Sabha Auditorium.

During the programme, preschool teachers briefed  the Prime Minister about the challenges they currently face. Responding to their concerns, Dr. Harini Amarasuriya further stated:

“The issues within the preschool system cannot be discussed separately from the broader crisis in society and in the education sector. When we assumed office in 2024, our primary challenge was to free the country from its debt burden and to establish. a  sound economic indicators.

Although 2025 was a challenging year, we were able to bring the country’s economy to a certain level of stability and manage the national budget accordingly.

While we were working towards economic recovery, the war in the Middle East began, which has had certain impacts on our country as well.

A significant amount of Sri Lanka’s foreign remittances come from our fellow citizens working in the Middle East. Today, both their livelihoods and employment are under threat. In addition, a large number of tourists travelled to Sri Lanka through Middle Eastern airspace, and the closure of those air routes and airports has reduced tourist arrivals. Another issue concerns fuel transportation. This problem has affected not only Sri Lanka but many countries around the world. If the war continues for a long period, it will have further impacts on us, and therefore we must be prepared. We also need to manage the economy carefully and reduce certain expenditures.

Although we have the ability to borrow, our intention is not to weaken the country’s economy by relying on loans.

You are aware that we have begun implementing education reforms. Within that policy framework, we are also taking steps to reform preschool education. So far, the establishment of preschools and early childhood development has not been carried out in a systematic manner. Therefore, we must regulate and standardize all preschools, which is not an easy task.

First, all preschools must be formally registered. We have already prepared a curriculum for teacher training. In addition, we plan to introduce a new curriculum for preschools in 2027, provide teacher training accordingly, and regulate preschools through a regulatory authority. A recognized curriculum has also been prepared for the preschool diploma. In the future, priority for preschool teachers will be given based on these qualifications. We will also take gradual steps to enhance the professionalism of preschool teachers and establish a proper salary structure”.

The Prime Minister further stated that preschools fall under the authority of Provincial Councils and Pradeshiya Sabhas, while the line ministry can only provide policy recommendations. She also emphasized that issues related to preschools should be addressed in a systematic manner through structural committees and District Development Committees.

Member of Parliament Nihal Galappaththi and other public representatives, along with preschool teachers from the Hambantota District attended the awareness program.

(Prime Minister’s Media Division)

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Heat Index at ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern and North-western provinces and in Monaragala, Mannar, Anuradhapura and Vavuniya districts

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Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology  at 3.30 p.m. on 15 March 2026, valid for 16 March 2026.

The public is warned that the Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at
some places in the Western, Sabaragamuwa, Southern and North-western provinces and in Monaragala, Mannar, Anuradhapura and Vavuniya districts.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.


Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491

 

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