1 billion dollars: Ukraine receives the first tranche of frozen assets from the US
Kyiv • UNN
Ukraine has received the first tranche of $1 billion from the United States from frozen Russian assets. This is part of a G7 initiative totaling $20 billion to be allocated by the United States.
Ukraine has received $1 billion from the United States, which is secured by proceeds from frozen Russian assets. This was announced on Tuesday, December 24, by Prime Minister Denys Shmyhal, UNN reports.
Details
According to the prime minister, this is the first tranche of the planned $20 billion that the United States is ready to allocate through the use of immobilized Russian assets under the G7 initiative.
Shmyhal thanked the American partners and the World Bank.
"We expect that all sovereign Russian assets will be confiscated and used to rebuild Ukraine," the prime minister said.
Recall
In December, the U.S. Treasury Department announced $20 billion in funding for Ukraine as part of the G7's $50 billion Extraordinary Revenue Acceleration (ERA) initiative
