Ukraine to Receive $50 Billion from Frozen Russian Assets, Blinken Confirms

In the coming weeks, Ukraine will receive $50 billion from frozen Russian assets held in the United States and the European Union, US Secretary of State Antony Blinken announced on December 4.

During a briefing, Blinken confirmed that the funds would be transferred as part of a coordinated plan between the US and the EU.

These funds, drawn from assets frozen in response to Russia’s invasion of Ukraine, will support Ukraine’s economy and defense for the upcoming months.

“The $50 billion will be allocated to Ukraine over the next weeks, both from the US and Europe, providing essential financial support for Ukraine throughout the next year,” Blinken stated.

He emphasized that continued efforts are being made to ensure Ukraine has the resources necessary for economic stability and defense.

The US is also focusing on ensuring that Ukraine receives critical military resources, including ammunition, air defense systems, missiles, and armored vehicles, as part of these efforts.

Earlier in June, the G7 countries agreed to provide Ukraine with a $50 billion loan, partly funded by interest accrued from the frozen Russian assets.