Posted:
11.12.2024 09:32:55
USA to grant Ukraine $20 billion loan funded with proceeds from frozen Russian assets
The US Treasury Department announced transfer of $20 billion as a loan to Ukraine to be repaid with proceeds from frozen Russian sovereign assets, TASS reports
According to the department, the disbursement is a part of the G7 initiative to provide Ukraine with $50 billion in funding.
"These funds - paid for by the windfall proceeds earned from Russia's own immobilised assets - will provide Ukraine a critical infusion of support as it defends its country against an unprovoked war of aggression," US Treasury Secretary Janet Yellen said in a statement.
Yellen added that the US is planning to tighten anti-Russian sanctions.
"These funds - paid for by the windfall proceeds earned from Russia's own immobilised assets - will provide Ukraine a critical infusion of support as it defends its country against an unprovoked war of aggression," US Treasury Secretary Janet Yellen said in a statement.
Yellen added that the US is planning to tighten anti-Russian sanctions.
