The US says it will provide Ukraine with $20 billion using frozen assets of the Russian Federation
Kyiv • UNN
The US Treasury announces $20 billion for Ukraine as part of the $50 billion G7 ERA initiative. The funds will come through the World Bank from frozen Russian assets.
The United States Treasury Department announces $20 billion in funding for Ukraine as part of the $50 billion G7 Extraordinary Revenue Acceleration (ERA) initiative, UNN reports.
"These funds, paid for through unexpected proceeds from Russia's frozen lenses, will provide Ukraine with important support as it defends its country from an unprovoked war of aggression," Treasury Secretary Janet L. Yellen said.
"The спільно 50 billion provided jointly to the G7 through this initiative will help ensure that Ukraine has the resources it needs to support emergency services, hospitals and other foundations of its brave resistance. Together with America's security assistance to Ukraine and the steps we will continue to take to resolutely strengthen sanctions against Russia, this action will further ensure that Ukraine defends its sovereignty and achieves a just peace...",- stated in the message.
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Today, the United States fulfilled its October commitment to provide Ukraine with доларів 20 billion as part of this initiative by transferring these funds to the World Bank's financial mediation Fund to facilitate the allocation of resources to invest in strengthening Ukraine's financial mediation (F.O.R.T.I.S. Ukraine FIF), through which they will be available to Ukraine. Through the initiative, the G7 channeled revenues from frozen Russian sovereign assets, using these revenues to support Ukraine.
