The US lends Ukraine another 19 billion euros to be repaid with frozen Russian assets

Follow live the latest news about the war in Ukraine

MADRID Dec. 10 () –

The United States Government announced this Tuesday another loan to Ukraine worth 20 billion dollars (19 billion euros), as part of the G7 initiative that contemplates a total expenditure of 50 billion dollars, which it hopes to recover through of frozen Russian assets.

The Treasury Department has explained that this $50 billion that the G7 will provide will help Ukraine ensure that it has the necessary resources to keep emergency services, hospitals and “other foundations of its brave resistance” functioning.

Treasury Secretary Janet Yellen has highlighted that these funds paid for with the extraordinary income from frozen Russian assets “will provide a crucial injection of support to Ukraine to defend itself.”

Yellen has stressed that this and other actions, such as continuing to tighten sanctions against Russia, will put Ukraine in a “more appropriate situation” to defend its sovereignty and achieve peace on its own terms.

In that sense, he highlighted that these types of collective actions show Russian President Vladimir Putin his failure to try to weaken and divide Ukraine’s partners. “We are sending an unequivocal message that Russia increasingly bears the costs of its illegal war,” he said.

The G7 agreed in June of this year a loan to Ukraine worth $50 billion, financed with frozen Russian assets, much of them in European Union countries, which in October gave the green light to another of up to $35 billion. of euros. Russia has promised to respond with similar measures.