In a recent interview, President Zelensky proposed a plan to President-elect Trump: Ukraine would purchase $300 billion in American weapons using frozen Russian assets. This proposal, intended to bolster US industry and reduce reliance on US aid, directly countered Trump’s previous criticisms of US support for Ukraine. Despite past tensions, Zelensky expressed confidence in a Trump presidency, suggesting a quicker resolution to the ongoing war. The proposal’s reception by Trump remains unconfirmed.
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Ukraine will receive $15 billion in U.S. aid, secured by future revenues from frozen Russian assets, as part of a larger G7 initiative. This funding, channeled through the World Bank’s PEACE in Ukraine project, is earmarked for social and humanitarian needs. The agreement follows earlier disbursements under a $50 billion G7 loan program, with $1 billion already received from U.S. profits on frozen Russian assets. This initiative leverages Russian assets to fund Ukraine’s recovery, a move condemned by Russia as fraudulent.
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The UK plans to allocate over £2 billion of frozen Russian assets to support Ukraine’s military and infrastructure rebuilding, a move condemned by the Russian embassy in London as a “fraudulent scheme.” This loan, part of a larger G7 initiative, utilizes Russian central bank assets held primarily within the EU. The funds are intended for military aid, potentially including the development of advanced drone technology. Russia has previously levied similar accusations against the US regarding similar asset transfers.
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John Q. Hosedrinker