Kiev has also agreed on creating an alliance with foreign arms makers, the country’s leader claims Ukraine will set up a new defense fund that includes seized Russian assets among its primary sources of financing, Ukrainian President Vladimir Zelensky has announced.

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Beijing’s holdings of US securities have dropped by nearly $100 billion in six months China’s holdings of US treasury securities dropped below $1 trillion in May for the first time in more than a decade, information released by the US Department of the Treasury shows. Official data is regularly published with a two-month delay.