Ukrainian Prime Minister Denys Shmyhal announced on Tuesday that he had received the first $1 billion of a $20 billion loan from the US, secured by proceeds from frozen Russian assets.
“Ukraine received one billion dollars from the United States, secured by income from frozen Russian assets,” Shmyhal wrote on Telegram.
“An important step on the path to justice”
This is the first tranche of $20 billion United States they are ready to allocate in connection with the use of frozen Russian assets under the G7 initiative, amounting to a total of USD 50 billion.
“We thank American partners and the World Bank for this important step on the path to justice. We expect that all Russian property will be confiscated and transferred to the reconstruction of Ukraine,” Shmyhal said.
Frozen Russian assets, billions for Ukraine
The US Treasury Department announced the payment on December 10 Ukraine $20 billion loan based on frozen assets Russia. The funds were transferred to a special World Bank fund, which was made available to Ukraine.
The announcement of the loan was the finalization of financial support from the G7, announced back in the summer, using profits generated by the frozen assets of the Central Bank of Russia to repay the loan.
At the end of November, she will transfer her part of the loan to Ukraine – EUR 18 billion – she announced European Union.
Main photo source: Vladyslav Musiienko/PAP