Trump administration will not affect loan for Ukraine, – US Treasury

The Trump administration will not affect the loan for Ukraine, – US Treasury Department Angelika Baybak

The future administration of Donald Trump will not be able to change or cancel the loan provided to Ukraine. We are talking about 20 billion dollars, which will come from frozen Russian assets.

This was reported by 24 Channel with reference to an interview with US Secretary of State Janet Yellen for Bloomberg TV.

Ukraine to receive $20 billion loan from US

Yellen explained that Ukraine will receive a $20 billion loan from the US. The money will be paid from Russian assets, not from the taxes of American citizens, so the new Trump administration will not be able to block or change the payments.

We have transferred $20 billion, which is the U.S. contribution to this World Bank loan package, to a financial intermediary fund that was created to direct this money over time, in coordination with our allies, to the needs of Ukraine, the current US Secretary of State said.

Reference. In the summer of 2024, the G7 countries committed to providing Ukraine with a loan of $50 billion. They will be allocated from the proceeds of frozen Russian assets. The US allocated $20 billion for this initiative.

The official noted that Russia is now literally financially helping Ukraine in the war. As Yellen explained, the loan will be provided from emergency revenues earned in Europe in the Euroclear depository.

As a result, the US Treasury Secretary noted that the allies are trying to do everything to strengthen and strengthen Ukraine's position. Yellen added that she hopes that Kyiv and Moscow will agree to sit down at the negotiating table to reach a peaceful solution.

By the way, a few days earlier, Politico journalists said that the US could withdraw from a long-term multilateral agreement to provide Ukraine with a loan in the amount of $50 billion. However, the EU is ready to compensate for the US withdrawal.