The US officially "spent" frozen Russian assets, 20 billion USD went to Ukraine, what did President Zelensky say?

On December 10, the US announced that it had disbursed a $20 billion loan to Ukraine, secured by profits from frozen Russian assets.

US disburses $20 billion to Ukraine from frozen Russian assets. (Source: RT)

The money is a key part of a total of $50 billion in new loans approved by the Group of Seven (G7) economies in October to support Kiev in its conflict with Moscow.

The $50 billion loan complements other support from G7 countries from 2022, including nearly $60 billion in military aid from the US and about 120 billion euros ($127 billion) in support from the European Union (EU) and its member states.

The US Treasury Department said Washington has transferred $20 billion to the World Bank (WB), which will provide money to Ukraine through an existing fund.

"This money - paid from the proceeds of Moscow's frozen assets - will provide Ukraine with vital support in defending the country against Russia's military campaign," US Treasury Secretary Janet Yellen said.

Ukrainian President Volodymyr Zelensky expressed "deep gratitude" for the disbursement.

The US move comes after lengthy negotiations between the US and its allies over how best to use frozen Russian assets to help the Eastern European country without breaking the law.

The 27-member bloc holds the bulk of Russia's frozen assets globally, with some $235 billion from the country's central bank.

About 90% of the above are kept at the international depository organization Euroclear based in Belgium.

Source: https://baoquocte.vn/my-chinh-thuc-tieu-tai-san-nga-bi-phong-toa-20-ty-usd-da-den-ukraine-tong-thong-zelensky-noi-gi-296943.html