U.S. Allocates $20 Billion Loan to Ukraine as Part of $50 Billion Package, Supporting F-16 Fighters Ahead of Trump’s Inauguration

Dec 11, 2024, 10:34 AM

The U.S. Department of the Treasury has announced a $20 billion loan to Ukraine as part of a broader $50 billion support package from G7 nations. This loan will be repaid using interest generated from frozen Russian assets amounting to $300 billion. Additionally, the U.S. has signed a $266 million deal to support Ukraine's acquisition of F-16 jet fighters, which includes the sale of life-support systems and other critical equipment for these aircraft. This financial assistance comes as President Biden seeks to finalize support for Ukraine before the transition of power to Donald Trump, who is set to take office soon.