To help Ukraine buy more weapons and rebuild damaged critical infrastructure, the United States and other Group of Seven nations agreed Thursday to provide a $50 billion loan to Kyiv this year to be repaid using interest generated by $300 billion worth of immobilized Russian funds.

The first of a three-day leaders' summit in the Italian resort village of Borgo Egnazia also saw Washington sign a 10-year, nonbinding security agreement with Kyiv designed to help bolster the war-torn country’s deterrence capabilities while putting it on track for eventual NATO membership.

Several other members of the U.S.-led coalition also clinched similar long-term security agreements with Ukraine, including Japan, which signed its own support deal with Kyiv the same day. These nations fear a recent battlefield push by Russia, particularly around Ukraine’s second-largest city of Kharkiv, could reverse Ukraine's hard fought territorial gains.