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US Funds Ukraine with Seized Russian Assets

Kiev announced US will transfer $15bn using seized Russian assets

US Funds Ukraine with Seized Russian Assets
US Funds Ukraine with Seized Russian Assets

Ukraine will receive $15 billion from the U.S., utilizing frozen Russian central bank assets. This is part of a larger G7 loan commitment, prompting strong Russian condemnation and accusations of theft. Russia plans retaliatory measures by using income from frozen Western assets within its borders. The frozen funds, primarily held in Euroclear, have already generated significant interest payments to Ukraine. This action reflects the escalating financial conflict between Russia and the West.