The Ministry of Finance of USA announced yesterday Tuesday (10.12.2024) that it disbursed a loan of 20 billion dollars to support her Ukrainianwhich will be repaid using the profits arising from the immobilized assets of the Central Bank of Russia.
The funds are part of a wider agreement among G7 countries to lend 50 billion dollars in Ukraine. Under the agreed mechanism, the US, the EU and other G7 countries will each provide a loan to Kiev, which will be repaid with profits from the roughly 280 billion euro. dollars of pledged assets most of which are located in Europe.
These funds – paid for by windfall revenues from Russia’s own frozen assets – will provide Ukraine with a critical infusion of support as it defends its country against an unprovoked war of aggression,” the finance minister said in a statement. Janet Yellen.
The announcement caps a lengthy process that has involved months of negotiations over how best to use Russian assets to generate much-needed aid for Kiev as it continues to fight a protracted war against Russia. Disbursing the funds now largely shields the aid from any potential recovery effort by the incoming administration of President-elect Donald Trump, who has questioned Washington’s open support.