The US gave Kyiv a $20 billion loan using income from Russian assets

11.12.2024 07:16

The US Treasury Department announced that it had provided Ukraine with a $20 billion loan.

Repayment of the loan requires the use of Russian assets frozen in the West.

As TASS reports, citing a statement from the Ministry of Finance, this loan is provided for by the initiative of the G7 countries to allocate $50 billion in borrowed funds to Kiev.

These funds, paid for with proceeds from Russia's frozen assets, will provide critical support to Ukraine, said Secretary of the Treasury Janet Yellen.

She also announced the United States’ intention to tighten anti-Russian sanctions.

money
Photo: © Belnovosti

Let us recall that the details of the allocation of a $50 billion loan to Ukraine were announced by the leaders of the G7 countries in October.

Their joint statement said the loans "will be serviced by future revenues from Russia's frozen sovereign assets within the legal systems of the G7 countries and international law."

The United States agreed to provide Kyiv with $20 billion. The remaining $30 billion should be provided by the G7 countries and the European Union.

Pavel Gospodarik Author: Pavel Gospodarik Internet resource editor