US to allocate $20 billion to Ukraine as part of G7 aid from Russia's assets - FT

The newspaper noted that the loan negotiations are accelerating as Western officials want to provide funding to Kyiv by the end of the year, realizing that if presidential candidate Donald Trump wins the US election, Washington's aid to Ukraine could be cut off.

Negotiations on a loan for Ukraine

The Group of Seven countries have been negotiating the structure of the $50 billion loan agreed in June for several months, with Washington's contribution expected to be less than originally planned because the EU could not guarantee that Russian assets would remain immobilized for at least three years.

But on Friday, US officials told their G7 counterparts that Washington would provide the full initial amount, which is about $20 billion.

According to them, this will be possible even if the EU fails to persuade Hungarian Prime Minister Viktor Orban to lift his veto on the extension of EU sanctions, a condition that Washington insists on.

According to the two anonymous sources, the G7 finance ministers, who will meet in Washington on October 25 on the sidelines of the IMF and World Bank meetings, are expected to release a statement on the distribution and structure of the loan.

Loan for Ukraine

RBC-Ukraine wrote that at the end of September, European Commission President Ursula von der Leyen announced that the EU would provide Ukraine with a loan of 35 billion euros. At the same time, Ukraine will not have to repay the loan - it will be repaid at the expense of profits from frozen Russian assets.

Ukrainian President Volodymyr Zelenskyy then said that the money provided by the EU would be used for the energy sector and defense needs.

On October 9, it became known that the EU Council had approved the European Commission's initiative to provide a loan to Ukraine.

The other day, it became known that the European Parliament had taken a step toward granting Ukraine a loan of 35 billion euros.