Published December 24,2024
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Ukrainian Prime Minister Denys Shmyhal on Tuesday mentioned Kyiv has acquired the primary tranche of help from the US that got here from the income of frozen Russian belongings.
Shmyhal mentioned in an announcement on X that Ukraine has acquired $1 billion from the US, which is a part of Washington’s proposed $20 billion financing for the war-torn nation as a part of the Group of Seven‘s (G7) mortgage initiative.
“We are grateful to US partners and @WorldBank for this important step towards justice. We expect all russian sovereign assets to be confiscated and used for the reconstruction of #Ukraine,” Shmyhal added.
During a summit held in Italy again in June, G7 leaders agreed to launch the Extraordinary Revenue Acceleration Loans for Ukraine initiative to make accessible about $50 billion in extra funding to Kyiv by the tip of the yr.
According to a G7 leaders’ assertion in late October, the loans supplied beneath the initiative will likely be serviced and repaid by future income from frozen Russian belongings and will likely be disbursed by means of a number of channels to “support Ukraine’s budgetary, military and reconstruction assistance.”
On Dec. 10, the US Department of Treasury introduced that Washington would disburse $20 billion as a part of the initiative.
Source: www.anews.com.tr