US to Contribute $20 Billion to G7 Loan for Ukraine, Says FT

Oct 19, 2024, 04:29 PM

The United States is expected to contribute up to $20 billion to a G7 loan for Ukraine, as reported by the Financial Times. This loan will be repaid using profits generated from Russia’s frozen assets. Talks over the loan are accelerating as western officials aim to provide funding to Kyiv before the end of the year. The urgency stems from concerns that Washington's support for Ukraine could be halted if Trump wins the upcoming election, according to three people familiar with the matter.