Economics
US Disburses $20 Billion Ukraine Loan Backed by Russian Assets
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The US Treasury Department said Tuesday it disbursed a $20 billion loan to support Ukraine, which will be repaid using the profits generated from immobilized Russian central bank assets.
The funds are part of a broader agreement among Group of Seven nations to lend $50 billion to Ukraine. Under the agreed mechanism, the US, EU and other G-7 nations will each provide a loan to Kyiv that will be repaid with profits generated by the roughly $280 billion of frozen funds, most of which are held in Europe.