The debt given to Kyiv will be repaid with future income from Russia’s fixed assets.
A loan to Ukraine from the G7 in the amount of $50 billion is due by the end of 2024. It will be paid from the income from the frozen assets of the Russian Federation. US Treasury Secretary Janet Yellen announced this on Wednesday, October 23, at a meeting with Ukrainian Finance Minister Sergei Marchenko.
“The G7 intends to provide Ukraine with a $50 billion loan by the end of this year,” Yellen stressed.
He also mentioned that the share that the United States will provide will reach $20 billion. The debt will be repaid with future income from Russian fixed assets.
According to Ellen, this option assumes that Russia will be forced to pay for its war, and not the taxpayers of the United States or Europe.
It was previously reported that the Joe Biden administration intends to split its share of the debt – $20 billion – between military and financial aid to Ukraine.
Let’s recall that the Council of the European Union finally approved the allocation of loans to Ukraine in the amount of up to 35 billion euros through taxes on excess income from Russian fixed assets.
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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.