Biden admin loans Ukraine $20B backed by profits from ‘immobilized’ Russian assets
- The biden administration is providing ukraine with a loan of $20 billion
- This loan is backed by profits generated from the immobilized assets of russia
- The funds are intended to bolster ukraine's economy amid ongoing conflict
- The decision reflects the u.s.
121 Articles
121 Articles
The talks will take place after the US decision to allocate a $20 billion loan to Ukraine, John Kirby recalled.
Washington will provide military support to Kiev until the end of the US presidential term.
US President Joe Biden will hold talks with the leaders of the “Big Seven” countries tomorrow, December 13. The key topic of discussion will be the support of Ukraine. RBC-Ukraine agrees on this with a reference to the briefing of the White House adviser at the request of the Commissar John Kirby. As stated by Kirby, the talks between the leaders of the “Big Seven” will take place in an online format. “They will judge a number of requests for ou…
Biden has already approved: the United States will announce a new aid package to Ukraine todayPresident Biden has approved another package of military assistance to Ukraine, which will include air defense, artillery, drones and armored vehicles. The White House has confirmed that it will continue to provide assistance until the end of the administration's term.
Biden Funnels $20 Billion to Ukraine—Funded by Seized Russian Assets
The Biden administration stated Tuesday that it had allocated $20 billion in loans to Ukraine, which would be repaid from revenues earned by “immobilized” Russian assets. “These funds – paid for by the windfall proceeds earned from Russia’s immobilized assets – will provide Ukraine a critical infusion of support as it defends its country against an unprovoked war of aggression,” a statement from Treasury Secretary Janet Yellen stated. The monies…
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