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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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More than 360 dead, 1,400 missing in Nepal and Tibet after Himalayan floods

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A drone view shows mud covering buildings and property following devastating floods at Trishuli in Nuwakot district, Nepal, on August 27, 2026 [Aljazeera]

Some 360 bodies have been recovered and more than 1,400 people are missing across Nepal and China’s Tibet region after a huge collapse of mud and rock into a Himalayan river triggered catastrophic flooding across local towns and valleys, authorities have said.

Rescue teams waded through mud on Thursday searching for the missing, as authorities in Nepal said at least 359 people have been killed there.

At least three people have died in the neighbouring Tibet region.

Chinese Premier Li Qiang arrived at the mudslide site in Tibet on Thursday afternoon to “guide emergency rescue and relief work” a day after the disaster, state media reported.

Nepalese police and tourism officials said that more than 500 foreigners were among 910 people missing in Nepal.

Among the missing are tourists from more than two dozen countries: 177 are from India, 63 from the United States, 34 from Australia, 33 from the United Kingdom, and 25 from Canada.

Beijing’s foreign ministry also said nearly 100 Chinese nationals were among the missing in Nepal.

In Tibet’s Gyirong county, 558 people are reported missing, including 260 foreign nationals, according to Chinese state broadcaster CCTV.

Search and rescue operations are proving to be a “massive challenge” as just simply “getting to the affected areas … to try and recover the survivors”, is proving to be extremely difficult as the roads and bridges there have suffered extensive damage, said Al Jazeera’s Minelle Fernandez, reporting from the Nepalese capital, Kathmandu.

[Aljazeera]

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Unyielding Dinusha, spirited tail hold off India to save Colombo Test

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Dinusha hit his second century of the Test to wear out India [SLC]
Sonal Dinusha put up an impressive resistance to keep the Indian bowlers at bay on the final day, helping Sri Lanka save the second Test in Colombo after they were asked to follow-on. In a seven-hour vigil, Dinusha remained unbeaten on 133 and, with handy lower order support, ensured that India didn’t bat a second time in the Test. This was the first time in nine occasions that India failed to secure a victory after enforcing a follow-on against Sri Lanka.
Needing only four wickets on the final day in order to begin the chase, the Indian bowlers had to toil hard on a surface which offered a bit of turn, but largely predictable pace and bounce. Overnight batters Dinusha and Keshara Nuwantha kept the Indians all through the morning session even though the new ball was taken within the first half an hour of play.
The seventh-wicket stand stretched to 88 runs, consuming more than 40 overs, which also ensured Sri Lanka cleared the first innings deficit. The first strike of the day came soon after the lunch break when Manav Suthar got a delivery to spin in sharply and took the outside edge of Nuwantha’s bat to the second slip.
Prabath Jayasuriya continued to remain defiant, resisting for 28 balls before his attempted drive off Ravindra Jadeja took the outside edge to Dhruv Jurel at second slip. Even as the lead swelled past the 150-run mark with only two wickets remaining and nearly a session and a half to play, the Indians had enough incentive to go for the kill.

However, Lahiru Kumara provided much-needed support to Dinusha as the duo put an end to India’s hopes. The southpaw used the sweep to good effect to counter the turn. The duo chewed up 169 deliveries for 47 runs in a period of attritional batting, during which Dinusha brought up his century. Kumara did provide India a chance when he attempted a slog sweep which fell in front of Jurel at deep mid wicket soon after Dinusha reached his century. But that was a rare opportunity.
Kumara eventually departed on 12 when an inside edge was pouched at short leg by Yashasvi Jaiswal. Nonetheless, which the number of overs reducing, Dinusha took Sri Lanka till the end of day without any further trouble and helped avoid a whitewash.
Brief scores:
India 503/9 decl (Devdutt Padikkal 117, Dhruv Jurel 115; Asitha Fernando 4-106, Prabath Jayasuriya 2-132) drew with  Sri Lanka 290 (Sonal Dinusha 103, Pasindu Sooriyabandara 80; Prasidh Krishna 3-52, Manav Suthar 3-85) and  429/9 f/o (Sonal Dinusha 133*, Pasindu Sooriyabandara 92; Ravindra Jadeja 3-94, Manav Suthar 3-121)
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UAE’s Asif Khan handed 15-month ban for using a banned substance

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Asif Khan turned out in 94 internationals for UAE [Cricinfo]

Asif Khan the UAE batter, has been banned for 15 months after admitting to having tested positive for a banned substance – “a metabolite of mesterolone” – in an out-of-competition test conducted in September 2025, the ICC said in a statement on Thursday.

The statement said that Asif, 36, “had admitted the violation” of Article 2.1 of the ICC’s anti-doping code and accepted the period of ineligibility “pursuant to a case resolution agreement entered into with the World Anti-Doping Agency and the ICC”, which means there is no right to appeal on the part of the player.

The sanction is effective from September 8, 2025 and will run until December 7, 2026.

“Asif may return to training with a team or use the facilities of a club or other ICC Member organisation from 8 October 2026 but will only be eligible to play from 8 December,” the statement added. “The player’s individual results from 8 September 2025 until his provisional suspension on 29 December 2025 have been disqualified, along with all resulting consequences, including the loss of any medals, points, prize money or prizes.”

Asif, a former Pakistan Under-19 cricketer, made his UAE debut in March 2022 in an ODI against Oman in the ICC’s Cricket World Cup League 2. He turned out in 38 ODIs and 56 T20Is between then and September 2025.

The last three of those T20Is, against India, Oman and Pakistan in the T20 Asia Cup in 2025, came after September 8, and will be removed from his record.

[Cricinfo]

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