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The US has allocated a loan of $20 billion for Ukraine
Dec 11, 2024
The U.S. Treasury Department announces a $20 billion loan to Ukraine. It will be repaid from the proceeds of frozen Russian assets.
This was reported by RBC-Ukraine with reference to the press service of the US Treasury.
According to U.S. Treasury Secretary Janet Yellen, $20 billion from the United States will provide critical assistance to Ukraine.
“The $50 billion that the G7 is collectively pledging under this initiative will help provide Ukraine with the resources it needs to support emergency services, hospitals, and other foundations of its courageous resistance,” she added.
At the same time, the U.S. Treasury Department explained that today the United States has fulfilled its $20 billion commitment to Ukraine by “transferring these funds to the Financial Intermediation Fund to Promote Resources for Investment in Strengthening Ukraine (FORTIS Ukraine FIF).” The funds will be disbursed to Ukraine through this fund.
Author - Dmitriy Levchenko, 11/12/2024
