The loan is thus in practice paid for by the return on the Russian assets that were frozen by, among others, the USA and EU countries after the large-scale Russian invasion of Ukraine.
The decision to finance the loan to war-torn Ukraine through the return on the frozen assets was previously taken jointly by the G7 countries – the USA, the United Kingdom, Germany, Japan, France, Canada, and Italy – which together are lending 50 billion dollars to Ukraine. The American loan is part of that package.
The loan from the G7 means support "for emergency care, hospitals, and other basic activities in Ukraine's brave resistance", said the US Finance Minister Janet Yellen when the payment decision was announced.
