US finalizes $20 billion share of $50 billion G7 loan to Ukraine


  • World
  • Thursday, 24 Oct 2024

Military aid, delivered as part of the United States of America's security assistance to Ukraine, is unloaded from a plane at the Boryspil International Airport outside Kyiv, Ukraine February 11, 2022. REUTERS/Serhiy Takhmazov/File Photo

WASHINGTON (Reuters) -The U.S. on Wednesday finalized its $20 billion portion of a long-awaited $50 billion loan to Ukraine backed by frozen Russian assets, announcing plans to start making funds available by year-end for economic and military aid.

U.S. Treasury Secretary Janet Yellen and Ukrainian Finance Minister Serhiy Marchenko signed an agreement for a U.S. loan commitment of $20 billion, which would be placed alongside a separate $20 billion European Union commitment and $10 billion to be split by G7 allies Britain, Japan and Canada.

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