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The US Treasury Department announced the time frame in which Ukraine will receive $50 billion from frozen Russian assets

On Tuesday, July 23, White House Secretary Joseph Biden granted the heads of the Treasury and State Departments powers to seize Russian assets and then transfer the funds to Ukraine.

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Photo – vedomosti.ru

As reported by NBN with reference to Reuters material, US Treasury Secretary Janet Yellen said that the G7 countries will agree in the fall on the terms of providing Ukraine with a $50 billion loan tranche at the expense of Russian assets frozen by the West (about $300 billion in total).

According to Yellen, as a result of constructive negotiations between the G7, it will be possible to finance Ukraine with the above-mentioned amount, judging by everything, by October 2024.

Such a “small” delay is due to the fact that Washington is still trying to achieve any guarantees from Brussels that Russian assets will remain frozen for a sufficient period of time to achieve the intended goal.

Earlier, our information portal wrote about the Defense Ministry telling how Ukraine would spend the first tranche of the EU from profits from frozen assets of the Russian Federation.

nbnews.com.ua

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