US to Send $15 Billion to Ukraine Using Frozen Russian Assets
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.
John Q. Hosedrinker