US to provide Ukraine with $15 billion from frozen Russian assets
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Mon, 30 Dec 2024 15:12:00 +0200
US to provide Ukraine with 15 billion from frozen Russian assetsAs reported by Prime Minister of Ukraine Denys Shmyhal, the Ministry of Finance of Ukraine and the World Bank signed an agreement that provides for the use of these funds within the framework of the PEACE in Ukraine project.The financial package is part of a larger initiative in which the United States is providing Ukraine with 20 billion under the G7 program.The funds will be used for social and humanitarian expenses.
We thank the United States and the World Bank for supporting the initiative that forces Russia to pay for its aggression against Ukraine, Shmyhal emphasized.
Russian assets will remain frozen even after the war endsAs the publication notes, G7 leaders will issue a statement in October stating that Russian sovereign assets will remain frozen until Moscow compensates Ukraine for the damages caused.
We confirm that Russias sovereign assets in our jurisdictions will remain blocked until it ceases its aggression and compensates for the damage caused to Ukraine, the G7 leaders draft statement, prepared by Italy, states.
The document also states that the blocs countries will provide Ukraine with a loan worth 50 billion.Recall that on December 24, Ukraine received 1 billion from the United States, secured by proceeds from frozen Russian assets.
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