UK to lend Ukraine an additional £2.26bn for weapons to fight Russia
GuardianOct 24, 2024
US Sends Ukraine $20B Loan Financed by Frozen Russian Assets
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Above: US Treasury Secretary Janet Yellen (L) and Ukrainian Minister of Finance Sergii Marchenko shake hands at the conclusion of a signing ceremony at the Treasury Department on Oct. 23, 2024, in Washington, DC. Image copyright: Chip Somodevilla/Staff/Getty Images News via Getty Images
The Facts
The US Treasury Department announced on Tuesday that it has distributed $20B of funds for the benefit of Ukraine — fulfilling its share of $50B worth of loans agreed upon by members of the G7 earlier in the year.
Under the agreement reached in October following months of negotiations, both the US and EU were set to provide $20B each while Britain, Canada, and Japan were to split the remaining $10B.
The Spin
Pro-establishment narrative
Following Russia's brutal invasion of Ukraine, Western countries immobilized Russian funds in order to drive up the costs of Putin's illegal war. Now, nearly three years later, Western countries are sending another message — that Russia will have to pay for all the damage it inflicted.
Pro-Russia narrative
This is banditry and theft — pure and simple. The proposed step of using revenue from Russia's frozen assets to fund Ukraine in the conflict is yet another example of the degradation of how the West is degrading its own standards and violating its commitments to international law.
