This is the first tranche of the planned $ 20 billion that the United States is ready to allocate through the use of immobilized Russian assets within the framework of the G7 initiative.
Ukraine received the first tranche of $ 1 billion, secured by income from frozen Russian assets.
This was announced by the Prime Minister of Ukraine Denys Shmyhal.
“This is the first tranche of the planned $ 20 billion that the United States is ready to allocate through the use of immobilized Russian assets within the framework of the G7 initiative,” says Shmyhal.
The Ukrainian side expressed gratitude to its partners for implementing this important decision, and also noted the need to confiscate all sovereign Russian assets.
“We thank our American partners and the World Bank for this important step towards justice. We expect that all sovereign Russian assets will be confiscated and used to restore Ukraine,” Kyiv notes.
Recall that frozen Russian assets became the subject of a dispute between German Chancellor Olaf Scholz and Polish President Andrzej Duda during a meeting of EU leaders this week.
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- Scholz said that 90% of the income from Russian assets will go to purchasing weapons for the Ukrainian Armed Forces
- When Ukraine will receive frozen Russian assets: the EU named possible dates, but there is a nuance
- PACE adopted a resolution on the use of frozen Russian assets to restore Ukraine