The United States is ready to provide Ukraine with up to $20 billion in a G7 loan, which will be repaid using income from frozen Russian assets.
The Financial Times reported this, citing informed sources.
The United States is ready to provide a $20 billion loan
The publication writes that the loan negotiations are being accelerated due to concerns that if Donald Trump wins the US elections, Washington's aid to Kyiv may be stopped.
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The G7 countries have been negotiating for several months on the structure of a $50 billion loan agreed upon in June. Until recently, it was expected that the amount Washington would provide would be less than originally planned.
However, on Friday, US officials told their G7 counterparts that Washington would provide about $20 billion. They said this would be possible even if the EU fails to persuade Hungarian Prime Minister Viktor Orban to lift his veto on extending EU sanctions — a condition that Washington is demanding.
The G7 finance ministers, who will meet in Washington on Oct. 25 on the sidelines of meetings of the IMF and World Bank, are expected to release a statement outlining the allocation and structure of the loan, according to two people familiar with the talks.
A final agreement has not yet been reached because the U.S. is still consulting with members of Congress and Ukraine on how the loan will be repaid, according to one person familiar with the talks.
In June, the G7 leaders agreed to provide Ukraine with $50 billion in financing from revenues from frozen Russian assets. The funds will go towards defense, budget and restoration.
