US disburses $20b to Ukraine as part of G7 loan, using frozen Russian assets

The U.S. Treasury said on Tuesday it disbursed $20 billion of a $50 billion G7 loan to Ukraine, backed by frozen sovereign Russian assets, to the World Bank’s arbitration fund for economic and financial aid to the war-torn country. are Along with loans from Group of Seven allies, it meets an October pledge of a $20 billion EU loan to Ukraine. Britain, Canada and Japan to help the Eastern European country fight off a Russian invasion.The distribution of the money before President-elect Donald Trump’s inauguration in January is intended to protect funds from being withheld by his administration. Trump has complained that the US is also providing. Gave Ukraine massive aid and said it would end the war quickly, without saying how. About $300 billion in proceeds from frozen Russian sovereign assets that have been inactive since Russia invaded in February 2022.