Zelenskyy: US decides to provide Ukraine with $20 billion
Photo: Volodymyr Zelenskyy, President of Ukraine (Vitalii Nosach, RBC-Ukraine)
The United States has decided to provide Ukraine with $20 billion in the form of a loan, which will be repaid using profits from Russian assets frozen in the West, according to an evening address by President Volodymyr Zelenskyy.
"There is an important update from the United States: America has decided to allocate $20 billion. These funds are secured by frozen Russian assets," Zelenskyy said.
He clarified that the $20 billion from the US is part of the G7's decision to provide Ukraine with $50 billion. This is essential for Ukraine's defense and resilience.
"It is important to implement this within this year. Thank you to the United States, thank you to the entire G7," the president added.
G7 loan
The political decision to provide Ukraine with a $50 billion loan from the G7 was made last summer. Since then, the G7 countries have been discussing how to implement this initiative.
Today, October 23, the European Council decided to provide Ukraine with up to €35 billion, which will be part of the $50 billion loan from the G7.
Funding for the loan is also expected to come from the UK, Japan, and Canada.
