US to provide Ukraine with US$15 billion from frozen Russian assets
Monday, 30 December 2024, 13:28
The United States will allocate US$15 billion to Ukraine, secured by future proceeds from frozen Russian assets.
Source: Ukrainian Prime Minister Denys Shmyhal on Telegram
Details: He said that the agreement was signed between Ukraine's Finance Ministry and the World Bank.
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Quote: "This funding is part of the PEACE in Ukraine project and includes US$20 billion pledged by the United States under the G7 initiative. The funds will be allocated to cover social and humanitarian needs," Shmyhal said.
Background:
- Ukraine received US$1 billion from the United States, backed by proceeds from frozen Russian assets.
- Japan will provide Ukraine with an additional US$3 billion, also secured by frozen Russian assets.
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