Ukraine to receive first $50 billion from Russian assets in 2025, says Ukraine's PM
Friday, 6 December 2024, 14:55
Ukraine will begin receiving the first US$50 billion from the proceeds of frozen Russian assets in 2025.
Source: Ukraine’s Prime Minister Denys Shmyhal in an interview with Interfax
Quote: "While the legal process for creating the compensation mechanism is ongoing, and while we are working on the confiscation of frozen Russian assets, we will begin receiving the first US$50 billion as early as next year," he said.
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Background:
- Ukraine’s Finance Minister Serhii Marchenko signed an agreement with the European Union on providing Ukraine with macro-financial assistance of up to €35 billion under the G7 initiative.
- Ukraine’s parliament adopted amendments to the Budget Code (draft law No. 12232), introducing the concept of "contingent debt obligations".
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