The United States has officially transferred $20 billion to Ukraine, utilizing interest generated from frozen Russian assets. This funding is part of a larger $50 billion loan commitment made by the G7 nations to support Ukraine amidst its ongoing conflict with Russia. US Treasury Secretary Janet Yellen emphasized that this financial assistance is crucial for Ukraine's stability and is designed to ensure that the costs of the war are borne by Russia, rather than American taxpayers.
The funds have been deposited into the World Bank's Ukraine Trust Fund and will be made available to the Ukrainian government as a loan. This strategic move follows months of negotiations among G7 leaders, who agreed to leverage the interest from Russian sovereign assets that have been frozen due to international sanctions. White House spokeswoman Karine Jean-Pierre reiterated that this approach aims to hold Russia accountable for the financial burden of the war.
