• 18/06/2024 05:43

US offers allies to allocate $50 billion to Ukraine – Bloomberg

 US offers allies allocate $50 billion to Ukraine — Bloomberg

It is planned to reimburse the costs from profits from frozen Russian assets.

The United States is negotiating with close partners in the G7, to convince them to jointly allocate assistance to Ukraine in the amount of up to $50 billion.

Bloomberg writes about this.

According to journalists, the costs of this assistance will be reimbursed from windfalls from frozen Russian assets. The United States is insisting on concluding an agreement at the G7 leaders' meeting in Italy in June. However, negotiations continue with difficulty and it may take months to reach an agreement.

The material says that the plan demonstrates Washington's strong support for Ukraine even after the US Congress approved $61 billion in aid to Kyiv. The move will put new pressure on the European Union to abandon its objections to the use of frozen Russian assets.

U.S. Treasury Secretary Janet Yellen said Washington wants the U.S. to help Ukraine with frozen Russian assets. not alone.

“Ideally, we would like to see the entire G7 involved in this, rather than just the United States doing it alone,” she said.

The publication writes that most European countries oppose direct confiscation of Russian assets and are skeptical of proposals that they fear could undermine the stability of the euro or expose them to “retribution” from Russia.

Sources say the US effort essentially boils down to finding a way to provide Ukraine with as much support as possible quickly, rather than less, by more effectively mobilizing profits from Russia's frozen assets.

Recall, despite Ukraine's insistence on the complete confiscation of Russian assets, officials from the G7 countries have privately stated that the issue is no longer on the agenda. At the same time, they are exploring alternative ways to withdraw funds from frozen assets.

The EU has frozen more than 200 billion euros in Russian Central Bank assets since the start of the war in Ukraine.

The United States and the European Union are now looking for legal options to use the entire amount of frozen Russian assets in favor of Ukraine.

The damage to Ukraine caused by Russian aggression, as of the end of 2023The World Bank estimated at 500 billion dollarsAt the same time, the amount of assets of the Russian Federation that the West froze after the start of a full-scale invasion of Ukraine is about 300 billion dollars.

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