Blinken confirms Ukraine to receive $50 billion transfer from frozen Russian assets


December 4, 2024

U.S. Secretary of State Antony Blinken addresses a press conference at the Ministry of Foreign Affairs in Kyiv, on Sept. 11, 2024. (Mark Schiefelbein/POOL/AFP via Getty Images)

Ukraine is set to receive $50 billion in frozen Russian assets held by the United States and the European Union, U.S. Secretary of State Antony Blinken announced on Dec. 4.

Blinken confirmed during a briefing that the transfer is part of a coordinated effort between the U.S. and EU to support Ukraine.

“…Making sure that (Ukraine) has the money, the resources it needs to sustain its economy and to sustain its defense – we’ve now managed on the basis of the frozen sovereign assets, the Russian assets that are frozen, to get $50 billion to Ukraine that will be going out the door in the next – in the coming weeks, both from the United States and Europe,” Blinken said.

The funds, frozen in response to Russia’s invasion, will provide crucial economic and defense assistance to Ukraine in the coming months. Blinken noted that the U.S. has provided $102 billion in assistance to Ukraine since 2022, while the allies and partners contributed $158 billion.

On Dec. 2, Blinken announced that the U.S. will deliver a $725 million weapons package to Ukraine. The move comes as President Joe Biden’s administration, nearing the end of its term, works to strengthen Kyiv’s defenses against Russian forces before the January transition of power.

The package will include Stinger missiles, ammunition for High Mobility Artillery Rocket Systems (HIMARS), 155mm and 105mm artillery ammunition, drones, and landmines, among other equipment.

https://kyivindependent.com/blinken-confirms-ukraine-to-receive-50-billion-transfer-from-frozen-russian-assets

2 comments

  1. Handing over any money from the frozen mafia assets has been a slow and difficult path, not because it’s the wrong thing to do – it’s the only right thing to do – but because of greedy self-interest. The West has been afraid that the value of its currencies will suffer by any such steps. We’ll see that after this threshold has been crossed, there will be no financial repercussions to fear, just like the threshold of weapon deliveries have never started a feared nuclear holocaust.

  2. It’s a very positive step. Almost three years late, but oh well…..

    Send ALL the putinaZi money NOW. The next WH incumbent may well try to reverse this plan.
    ruZZian agent of influence Ivan Muskovy will soon be posting on this topic on his Z outlet. So will Fucker Karlsonov, Bannonov, Gabbardova et al.

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