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14 billion euros of frozen Russian assets paid to Ukraine
The delivery, announced a few days ago by Ukrainian President Volodymyr Zelensky, is part of the $20 billion (€19 billion) agreed by the US as part of the G7 initiative, which calls for a total disbursement of $50 billion (€47.8 billion).
“The corresponding agreement has been signed by the Ministry of Finance of Ukraine and the World Bank,” said Mr. Shmigal. “The funds will be used for social and humanitarian spending, we thank the United States and the World Bank for implementing and supporting the initiative to make Russia pay for its aggression against Ukraine,” he added.
Last June, the G7 approved a $50 billion loan to Ukraine, financed by Russian assets largely frozen in EU countries. In October, the G7 gave the green light to another loan of up to €35 billion.
