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106

US to send $15 billion to Ukraine using frozen Russian assets, PM says (kyivindependent.com)

submitted 3 days ago by slartibartfast@lemm.ee to c/world@quokk.au

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The United States will provide Ukraine with $15 billion, backed by future revenues from frozen Russian assets, Ukrainian Prime Minister Denys Shmyhal announced on Dec. 30.

The agreement was signed between Ukraine's Finance Ministry and the World Bank, Shmyhal said.

"These funds are part of the PEACE in Ukraine project and represent a portion of the $20 billion U.S. contribution under the G7 initiative, which will be allocated to social and humanitarian expenditures," Shmyhal wrote on Telegram.

"We thank the United States and the World Bank for implementing and supporting this initiative, which forces Russia to pay for its aggression against Ukraine," he added/

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[–] acockworkorange@mander.xyz 7 points 3 days ago (1 children)

That’s not a lot, but better than nothing.

[–] theUwUhugger@lemmy.world 9 points 3 days ago (1 children)

That is a lot of money? Especially so considering that those funds are frozen and are not supposed to be touched since courts may find the freezing to be illegal in which case all will have to be paid back with interest! Which they may consider that Trump is a Russian plant

But could Biden give all of the frozen assets to Ukraine and rule it to be fair? Yup and he should, but heeey what do you expect from him?

[–] acockworkorange@mander.xyz 3 points 3 days ago

15 bi isn’t that much for a modern war. It can do a lot for a country like Ukraine for reconstruction, but during war… it can be burned real fast.