US, EU Near Deal on $50 Billion Ukraine Aid Using Russian Assets
- Amount of US participation depends on EU sanction reform
- EU leaders expected to discuss aid plan at an October summit
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The US told the European Union that it will contribute $20 billion to a massive Group of Seven-led Ukraine aid package if the bloc tweaks its Russian sanctions regime as planned to make it more predictable.
Even if the EU doesn’t make the changes to its sanctions — which would extend the time before the measures come up for review by member states — the US would still contribute to the planned $50 billion package, but with a lower amount, according to people familiar with the discussions in the EU.