9 sources·World

U.S. Sends $20 Billion to Ukraine Amid Intensifying Conflict

A $20 billion loan from the U.S. Treasury, leveraging seized Russian assets, arrives in Ukraine while political shifts and military needs intensify.

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Updated: Dec 10th, 2024, 10:47 PM ET

Summary

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As the Ukraine conflict escalates, the U.S. Treasury Department has disbursed a $20 billion loan to Ukraine, utilizing frozen Russian assets. This funding aligns with a G7 initiative totalling $50 billion, aimed at bolstering Ukraine's defense and economic stability amid concerns over future U.S. aid dynamics with the incoming Trump administration. President Biden's accelerated military support coincides with Ukraine's push for NATO membership, while President Zelenskyy lauds the loan as a necessary support against Russian aggression. The political landscape is shifting rapidly, with Trump's proposed ceasefire raising fears about concessions to Russia.

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