Allies Advance Plans to Fund Ukraine Using Russian Assets
TL;DR Summary
The U.S. and its G7 partners are progressing on plans to use profits from frozen Russian assets to provide financial aid to Ukraine. This could potentially deliver billions annually to support Ukraine against Russia's invasion. The U.S. is advocating for a loan backed by these profits, which could offer up to $50 billion in near-term funding. Discussions are ongoing, with technical issues to resolve, and the proposal is expected to be a key topic at upcoming G7 meetings.
- Allies make progress on using Russian assets for Ukraine, U.S. official says Reuters
- Treasury official says budget assistance designed to help Ukraine anti-corruption efforts The Associated Press
- US seeks EU sanctions guarantee to back $50bn Ukraine loan Financial Times
- Euro-Area Finance Chiefs Back G-7 Push on Frozen Russian Assets Bloomberg
- EU considers using its own budget as guarantee for loan to Ukraine - media Ukrinform
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