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International Business Times
International Business Times
Business
Daniel AVIS

US Disburses $20 Bn Ukraine Loan Backed By Profits From Russian Assets

The administration of outgoing US President Joe Biden has disbursed a massive loan to Ukraine, shortly before Donald Trump takes office (Credit: AFP)

The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by the interest earned on frozen Russian assets, as part of a $50 billion G7 support package.

The money forms a significant chunk of the $50 billion in new loans finalized by Group of Seven advanced economies in October, aimed at helping Kyiv prop up the country as it struggles to fight back against Moscow's ongoing invasion.

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