West delays allocation of profits from frozen Russian assets to Ukraine
G7 nations flags (photo: Getty Images)
Western countries are delaying the allocation of money to Ukraine from the profits of the frozen assets of Russia, reports Bloomberg.
According to the agency's sources, the Ukrainian authorities are increasingly concerned about delays in finalizing the deal, which will allow Ukraine to receive $50 billion in support.
It is noted that Kyiv should receive the funds by the end of the year, in accordance with the G7 agreement reached in June. It provides for a loan to be repaid from the proceeds of the frozen assets of Russia worth about $280 million.
However, the implementation of the plan is complicated by US demands and the risk that Hungary will slow down any pan-European decision to support Ukraine or sanction Russia.
The United States, in turn, demands that the European Union extend the freeze on Russian assets every six months along with broader sanctions against Moscow.
In July, the European Commission announced that the first tranche of Russian assets would be transferred to Ukraine within a few weeks.
