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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.
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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.
Dit verhaal komt uit de December 12, 2024-editie van The Straits Times.
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