US gives $27b to Ukraine funded by Russian assets
The Straits Times|December 12, 2024
WASHINGTON - The US announced on Dec 10 that it has disbursed a US$20 billion (S$26.8 billion) loan for Ukraine backed by the interest earned on frozen Russian assets, as part of a US$50 billion G-7 support package.

The money forms a significant chunk of the US$50 billion in new loans finalized by Group of Seven (G-7) advanced economies in October, aimed at helping Kyiv as it struggles to fight back against Moscow's ongoing invasion.

The funds come at a crucial juncture for Kyiv as questions swirl over the future of its US backing once President Joe Biden hands power to Donald Trump in January.

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