Russian President Putin told BRICS leaders on Thursday that the Middle East was on the brink of a full-scale war after a sharp rise in tension between Israel and Iran, though the Kremlin chief also faced calls to end the war in Ukraine.

The summit’s final document said little about the Ukraine war, but several participants were still searching for a way to end it diplomatically.

Ukraine will receive $50 billion in loans, backed by frozen Russian assets, from Group of Seven allies. That word comes Wednesday from the White House.

U.S. Treasury Secretary Janet Yellen said on Tuesday that G7 and European Union allies are "very close" to finalizing a $50 billion loan to Ukraine backed by frozen Russian assets, with an expected U.

The European Parliament on Tuesday approved a $37.83 billion loan to Ukraine that will be repaid from the profits of frozen Russian assets, clearing the final hoop for the funds.

Ukraine will receive $50 billion in loans, backed by frozen Russian assets, from Group of Seven allies, the White House said Wednesday. Distribution of the money will begin by year's end, according to American officials who said the United States is providing $20 billion of the total.

Ukraine will receive a loan of up to €35 billion from the European Union as part of G7 commitments. This decision was made by the EU Council, according to the Hungarian Presidency of the EU Council on X and the press service of the White House.