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US to provide $20 billion loan to Ukraine as part of G7 pledge

The U.S. will allocate $20 billion to Ukraine as part of a $50-billion pledge by the Group of Seven (G7), President Volodymyr Zelensky announced on Oct. 23 in his evening address. During the June G7 summit in Italy, G7 leaders publicly confirmed the plan to provide Ukraine with a $50 billion loan by the end […]

Ukraine

October 23, 2024

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Biden leaves nearly $4 billion in US aid to Ukraine unused. What will happen to it under Trump?

U.S. President Joe Biden will be passing around $3.8 billion in the so-called Presidential Drawdown Authority (PDA) to his successor — Donald Trump. On the campaign trail, Trump has repeatedly criticized the Biden administration for providing Ukraine with military assistance, including through military shipments using the PDA. Countering Trump's rhetoric, the outgoing administration stated its […]

Ukraine

January 14, 2025

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Ukraine, EU sign agreement on up to 35 billion euro loan covered by Russian assets revenue

Ukraine's Finance Ministry and the EU signed a memorandum and an agreement to attract up to 35 billion euros ($36.7 billion) as part of the G7 loan, the ministry said on Dec. 4. The European Commission unveiled the 35-billion-euro loan in September within the framework of the G7's broader $50 billion loan, which is covered […]

Ukraine

December 4, 2024

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US to send $15 billion to Ukraine using frozen Russian assets, PM says

The United States will provide Ukraine with $15 billion, backed by future revenues from frozen Russian assets, Ukrainian Prime Minister Denys Shmyhal announced on Dec. 30. The agreement was signed between Ukraine's Finance Ministry and the World Bank, Shmyhal said. "These funds are part of the PEACE in Ukraine project and represent a portion of […]

Ukraine

December 30, 2024

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G7 to provide Ukraine $50 billion in loans backed by frozen Russian assets

The Group of Seven (G7) has reached an agreement to provide Ukraine with approximately $50 billion in loans backed by the revenue from foreign Russian assets, the G7 announced on Oct. 25. "Our aim is to begin disbursing the funds by the end of the year," a statement from the G7 leaders read. During the […]

Ukraine

October 25, 2024

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Germany continues talks on $3 billion aid package for Ukraine, Pistorius says

The German government is still discussing a proposed 3 billion euros ($3.09 billion) aid package for Ukraine, German Defense Minister Boris Pistorius said on Jan. 14, according to Ukrinform. Pistorius, who made an unannounced visit to Kyiv, met with Ukrainian officials to discuss defense industry cooperation, including boosting joint ventures and direct procurement of Ukrainian […]

Ukraine

January 14, 2025

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Blinken confirms Ukraine to receive $50 billion transfer from frozen Russian assets

Ukraine is set to receive $50 billion in frozen Russian assets held by the United States and the European Union, U.S. Secretary of State Antony Blinken announced on Dec. 4. Blinken confirmed during a briefing that the transfer is part of a coordinated effort between the U.S. and EU to support Ukraine. "Making sure that […]

Ukraine

December 4, 2024

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Biden announces $2.5 billion security assistance package for Ukraine

U.S. President Joe Biden announced a new security assistance package for Ukraine worth nearly $2.5 billion on Dec. 30. The package includes a $1.25 billion "drawdown package" of military equipment for Ukraine and $1.22 billion under the Ukraine Security Assistance Initiative (USAI), a Pentagon-led program that procures arms for Ukraine through contracts with U.S. defense […]

Ukraine

December 30, 2024

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UK promises $3.8 billion per year in military aid to Ukraine

The U.K. will allocate three billion pounds ($3.8 billion) per year to military support for Ukraine, according to the draft budget submitted to the parliament on Oct. 30. The proposed budget, which includes some tax increases and slashed expenditures, will increase the national defense budget and maintain the U.K.'s previous commitments to Ukraine's military support. […]

Ukraine

October 30, 2024

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UK announces new $2.6 billion aid package to Ukraine

U.K. Prime Minister Keir Starmer announced a new military aid package worth $2.6 billion for Ukraine, as well as the provision of artillery barrels and a mobile air defense system, during his visit to Kyiv on Jan. 16. This visit marks Starmer's second trip to the Ukrainian capital and the first since becoming prime minister […]

Ukraine

January 16, 2025

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EU Defense Commissioner proposes $105 billion defense budget allocation, Politico reports

European Union Commissioner for Defense and Space, Andrius Kubilius, has proposed allocating 100 billion euros ($105 billion) for defense in the next seven-year EU budget, Politico reported on Dec. 8. This amount would be a significant increase from the current 10 billion euros allocated for the EU’s seven-year budget. Kubilius emphasized, in his interview with […]

Ukraine

December 8, 2024

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Ukraine war latest: Kyiv brings back 189 Ukrainians from Russian captivity; US unveils $2.5 billion in aid

Key developments on Dec. 30: Ukraine brings back 189 people from Russian captivity in prisoner swap Biden announces $2.5 billion security assistance package for Ukraine Russian military suffers 427,000 casualties in 2024, Syrskyi claims Russia launched over 1,300 drone strikes, 250 missiles at Kyiv in 2024 Ukraine brought back 189 Ukrainian citizens from Russian captivity […]

Ukraine

December 30, 2024

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