President Biden and Ukrainian President Volodymyr Zelensky Sign Security Deal

As Russia’s war grinds on, the Biden Administration is now taking on bigger risks to support Ukraine.

Transcript

00:00President Zelensky and I have just now signed that agreement between the United States and

00:28Ukraine. Our goal is to strengthen Ukraine's credible defense and deterrence capabilities

00:35for the long term. A lasting peace for Ukraine must be underwritten by Ukraine's own ability

00:41to defend itself now and to deter future aggression anytime in the future. The United States is going

00:48to help ensure that Ukraine can do both, not by sending American troops to fight in Ukraine,

00:54but by providing weapons and ammunition, expanding intelligence sharing, continuing

01:00to train brave Ukrainian troops at bases in Europe and the United States, enhancing

01:06interoperability between our militaries in line with NATO standards, investing in Ukraine's

01:12defense industrial base so in time they can supply their own weapons and munitions,

01:17working with Ukraine's partners to build a future force that is strong, sustainable,

01:24and resilient. Additionally, the G7 achieved a significant outcome this week on the matter

01:30of Russia's frozen assets in Europe and other places outside of Russia. Back in 2022,

01:38two days after Russia's invasion, members of the G7 and the European Union worked together to freeze

01:44$280 billion in Russian central bank funds outside of Russia. I'm very pleased to share that

01:52this week, this week the G7 signed a plan to finalize and unlock $50 billion in the proceeds

01:59of those frozen assets. To put that money to work for Ukraine, another reminder to Putin,

02:06we're not backing down. In fact, we're standing together against this illegal aggression.

02:11Dear friends, today is a truly historic day and we have signed the strongest agreement within

02:19Ukraine and the U.S. since our independence. And this is an agreement on security and thus

02:31on the protection of human life. This is an agreement on cooperation and thus on how our

02:39nations will become stronger. This is an agreement on steps to guarantee

02:45sustainable peace and therefore it benefits everyone in the world

02:50because the Russian war against Ukraine is a real, real global threat.