Washington is proposing to loan tens of billions of euros against future profits from Russian fixed assets.
The United States is proposing to provide tens of billions of euros to help Ukraine with debt secured by future revenue from 260 billion euros of Russian state assets frozen by Western countries. The Financial Times reported this.
The Group of Seven (G7) is divided over what to do with Russian assets that have been frozen by the West since the start of Russia’s all-out invasion of Ukraine. Washington supported the idea of confiscating the assets in full and transferring them to Ukraine.
However, Europe believes it can violate international law and disrupt financial markets. EU countries propose to give Kyiv only the income from these assets. At the same time, the issue of their use became urgent after Congress blocked further aid from the United States.
US Deputy National Security Adviser for International Economic Affairs Dalip Singh said Washington’s proposal provides “the present value of future interest flows from immovable assets, either through bonds or through loans.”
He recalled that the Europeans have already shown their willingness to transfer interest on reserves to Kyiv semi-annually, but there are ways to “increase the value of these income streams over time.” For example, you can “list 10-year earnings or 30-year earnings.”
“The current value of these revenues is a huge amount,” the official explained.
We remind you that the media reported that the US Congress has again postponed the vote on the bill to help Ukraine.
At the same time, proposals have recently increased that the United States may provide credit assistance to Ukraine. This is exactly the point of view expressed by Donald Trump.
Ukraine is ready for a loan from the US – Zelensky
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.