The United States confirmed Tuesday it has granted $20 billion in funds for Ukraine backed by proceeds earned on frozen Russian assets. The cash is part of a $50 billion G7 support package and comes 40 days before President Joe Biden departs the White House.
The loan funds come at a crucial juncture for Kyiv as President-elect Donald Trump has already indicated he wants an immediate settlement between the two combatants rather than helping fund a never ending war, as Breitbart News reported.
Trump has increasingly questioned the level of financial support given to Ukraine following Russia’s 2022 invasion, saying as recently as last weekend he will “probably” reduce aid to Kyiv.
“These funds — paid for by the windfall proceeds earned from Russia’s own immobilized assets — will provide Ukraine a critical infusion of support as it defends its country against an unprovoked war of aggression,” U.S. Treasury Secretary Janet Yellen said in a statement.
