The United States allocated $20 billion to Ukraine at the expense of frozen Russian assets
The United States has announced the provision of a $20 billion loan to Ukraine, which will be repaid with funds obtained from frozen assets of Russia. This information made public on the official website of the US Department of Finance.
Such an initiative is part of the overall package of loans worth $50 billion, which will be provided to Ukraine by the countries of the “Big Seven” (G7), the department explained.
“These funds, which will be derived from proceeds from frozen Russian assets, will provide Ukraine with critical support as it defends itself against an aggressive war.”, – said the head of the US Treasury, Janet Yellen.
In this way, the US fulfilled its intentions announced in October: at that time it was promised to provide $20 billion to Ukraine within the framework of the ERA G7 initiative. These funds were transferred to the World Bank Resource Assistance Fund (FORTIS Ukraine FIF) and will be directed to strengthening the financial system of Ukraine.
Prime Minister Denys Shmyhal said that the funds have already arrived at the World Bank fund, which will ensure their availability for Ukraine.
