Trump could try to renegotiate the $20 billion loan to Ukraine or even lift sanctions against Russia, but Republicans are unlikely to be happy with that.
The New York Times writes that Trump and Republicans in Congress are unlikely to continue to provide Ukraine with the same economic and military support that the country received from Democrats and the Biden administration. But the war continues, and Ukraine relies heavily on international aid to keep its economy afloat.
The $20 billion from the US from frozen Russian assets is part of a $50 billion loan that the G7 worked out and agreed to earlier this year.
On Tuesday, US Treasury Secretary Janet Yellen officially announced their transfer to the accounts of the World Bank, which will then pay them to Ukraine.
The United States and Europe also viewed the loan, provided to Ukraine in tranches, as a way to provide Ukraine with economic resources if Trump wins the election.
In theory, Trump could try to block that loan by lifting sanctions holding frozen Russian central bank assets. However, Republicans are likely to oppose such a move and it will not affect the European portion of the loan.
On Tuesday, Yellen said the loan should send a message that Western countries are not abandoning Ukraine and that she, not American taxpayers, will pay for Moscow’s crimes in Ukraine.
Source: Racurs
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.