Yesterday at 21:05
The United States intends to allocate US$20 billion to Ukraine as part of a US$50 billion loan, utilising proceeds from frozen Russian assets. The loan had been earlier agreed upon by the Group of Seven (G7) nations.
The U.S. government has agreed to allocate its share of $20 billion as part of a larger G7 loan for Ukraine, which will be provided against guarantees of revenue from frozen Russian assets.
This was stated by U.S. Treasury Secretary Janet Yellen during a meeting in Washington with Ukraine’s Finance Minister Serhiy Marchenko, as reported by Ukrinform’s own correspondent.
“The Group of Seven intends to provide Ukraine with a $50 billion loan by the end of this year. The United States will join the G7 to allocate a $20 billion loan to Ukraine, which will be repaid from the revenues generated by Russia’s own assets,” Yellen noted.
President Volodymyr Zelenskyy announced the decision of the United States to provide Ukraine with $20 billion from frozen Russian assets in an evening video address.
“There is an important update from the United States: America has decided to provide $20 billion. These funds are backed by frozen Russian assets. This is part of the G7 decision for $50 billion for Ukraine— for our defense, for our resilience. This will truly support us. It’s important to implement this within this year. Thank you to the United States, thank you to the entire Group of Seven,” the president said.
