US allocates $20 bln loan to Ukraine on account of revenues from Russian assets
The loan is provided within the framework of the initiative of the Group of Seven on provision of the $50 bln loan to Kiev, the Treasury said | The US Department of the Treasury announces the disbursement of the $20 bln loan to Ukraine with the repayment from proceeds earned from Russian assets frozen in the West. ● The loan is provided within the framework of the initiative of the Group of Seven on provision of the $50 bln loan to Kiev, the Treasury said. "These funds - paid for by the windfall proceeds earned from Russia’s own immobilized assets - will provide Ukraine a critical infusion of support," Secretary of the Treasury Janet Yellen said. Washington is going to toughen sanctions against Russia, she added.