According to Ms. Bridget Brink, the US ambassador to Ukraine, Washington is working on unblocking a loan to Ukraine in the amount of 50 billion dollars at the expense of profits from the frozen assets of the Russian Federation.
Points of attention
- The US ambassador to Ukraine, Bridget Brink, revealed plans to unlock a $50 billion loan for Ukraine from the frozen assets of the Russian Federation by the end of the year.
- The G7 is preparing to provide additional credit assistance of 40 billion euros to Ukraine, independently of the USA, using profits from the frozen assets of Russia.
- European countries are concerned about Hungary's attempts to block guarantees for US participation in aiding Ukraine and are exploring alternative plans.
- Despite challenges, bipartisan support for Ukraine remains strong in both houses of Congress and among the public.
- Efforts are underway to overcome obstacles and ensure Ukraine receives the necessary financial support from the frozen assets of the Russian Federation.
What is known about the unblocking of the loan to Ukraine at the expense of the frozen assets of the Russian Federation
Brink noted that, most likely, the funds will be unblocked by the end of this year.
We are working on unlocking a $50 billion loan for Ukraine based on Russian sovereign assets. We believe that this can be done in cooperation with Europeans and other partners by the end of the year, — noted the US ambassador to Ukraine.
According to her, the funding provides several preliminary necessary steps against the background of the approaching presidential elections in the USA in November.
At the same time, Brink does not see a decrease in the strong bipartisan support for Ukraine, and this applies to both houses of Congress, as well as broad support among the public.
What is known about the G7 plans regarding a loan to Ukraine at the expense of the frozen funds of the Russian Federation
EU countries are preparing 40 billion euros of additional credit assistance for Ukraine by the end of this year, regardless of the USA.
It is noted that the funds are planned to be allocated within the framework of the proposal of the G7 countries regarding the use of profits from the frozen assets of the Russian Federation.
Immediately, three interlocutors of the publication, who took part in the negotiations, noted that in Brussels they are concerned about the possible blocking by Hungary of the provision of guarantees necessary for the participation of the USA in the scheme for the use of profits from the frozen assets of the Russian Federation to help Ukraine.
The government of the pro-Russian prime minister of Hungary, Viktor Orbán, has already tried to postpone the decision on the adoption of the scheme for the use of profits from the frozen assets of the Russian Federation until the time of the presidential elections in the USA on November 5.
However, work on an alternative plan in the EU should begin in the coming weeks, as the initiative depends on powers that expire at the end of the year.
