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UK to provide Ukraine with $2.9 billion military loan, to be repaid with proceeds from frozen Russian assets

London will provide Ukraine with a loan worth £2.26 billion ($2.9 billion) backed by profits from frozen Russian assets, the U.K. government announced on Oct. 22. The funds are the U.K.'s contribution to the Group of Seven (G7)'s initiative to provide Kyiv with a $50 billion loan by the end of the year, which will […]

Ukraine

October 22, 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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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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Russian embassy condemns UK plan to use frozen Russian assets for Ukraine aid

The Russian embassy in London criticized the U.K.'s plan to transfer more than two billion pounds ($2.5 billion) to Ukraine using frozen Russian assets, calling it a "fraudulent scheme." In October, the U.K. announced it would provide Ukraine with a 2.26 billion-pound loan as part of a broader package from the Group of Seven (G7) […]

Ukraine

December 21, 2024

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Ukraine receives first $1 billion as part of US batch of frozen Russian assets profits

Ukraine has received $1 billion from the United States in profits from frozen Russian assets, Prime Minister Denys Shmyhal said on Dec. 24. This is the first tranche of the planned $20 billion that the U.S. intends to provide as part of the G7 initiative. "We are grateful to U.S. partners and the World Bank […]

Ukraine

December 24, 2024

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Japan to transfer $3 billion from frozen Russian assets to Ukraine, Zelensky says

Japan is poised to allocate an additional $3 billion dollars from frozen Russian assets to Ukraine, President Volodymyr Zelensky reported on Dec. 25. In a phone call with Japanese Prime Minister Shigeru Ishiba, Zelensky expressed his gratitude for Japan's previous aid to Ukraine, which has totaled $12 billion and "makes it possible to save thousands […]

Ukraine

December 25, 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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Zelensky offered to buy weapons from incoming Trump administration with frozen Russian assets

President Volodymyr Zelensky previously offered U.S. President-elect Donald Trump for Ukraine to buy American weapons at the expense of $300 billion in frozen Russian assets, Zelensky revealed in an interview with American podcaster Lex Fridman published on Jan. 5. "This is one of the security guarantees. Take the money, what we need for our interior […]

Ukraine

January 5, 2025

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EU provides Ukraine with $3 billion, first tranche of loans from bloc backed by Russian frozen assets

Ukraine has received 3 billion euros ($3 .09 billion) from the EU, the first tranche of loans from the bloc funded by proceeds of frozen Russian assets, Prime Minister Denys Shmyhal said on Jan. 10. The money has been provided through the Extraordinary Revenue Acceleration (ERA) initiative, in which G7 countries pledged to provide Ukraine […]

Ukraine

January 10, 2025

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EU approves 35-billion-euro loan for Ukraine using frozen Russian assets

European Union countries have approved an unprecedented plan to issue a 35-billion-euro ($37.2 billion) loan to support Ukraine's war-torn economy, using Russia's immobilized Central Bank assets as collateral. The deal is part of a broader G7 initiative to provide €45 billion ($50 billion) in aid to Kyiv, struggling to counter a renewed Russian offensive that […]

Ukraine

October 9, 2024

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Ukraine mulls buying Italian air defenses with frozen Russian assets' proceeds

Kyiv and Rome are discussing the possibility of purchasing Italian-made air defense systems and ammunition using profits from immobilized Russian assets, the Ukrainian Defense Ministry said on Jan. 11. "We are interested, among other things, in ammunition of various calibers and air defense systems," Ukrainian Deputy Defense Minister Anatolii Klochko said after talks with Italian […]

Ukraine

January 11, 2025

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European Council says Russian assets should remain frozen until end of war, payment of reparations

The European Council said on Oct. 17 frozen Russian assets should "remain immobilized" until Moscow ends its full-scale war on Ukraine and makes reparations for damages caused to the country. Estimates of the damage that Russian aggression over the past decade has caused to Ukrainian infrastructure have varied. The World Bank said in February 2024 […]

Ukraine

October 18, 2024

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