The funds are part of the framework agreement to use Russian sovereign assets to extend $50 billion in assistance to Kyiv, reached at the G7 summit in June.
“As part of the G7’s $50 billion decision for Ukraine — for our defense, for our resilience,” said Zelenskyy.
“This is something that will truly support us. And it is important to implement this by the end of the year.”
Ukrainian PM Denys Shmyhal later clarified that this funding is part of a joint aid package from G7 countries and the EU, totaling $50 billion. The money will be drawn from profits generated from Russian assets frozen in Western countries.
“The funds from our partners will address Ukraine’s most crucial financial needs in 2025,” the PM said.
“This assistance from our allies creates a strong foundation for Ukraine’s economic and financial resilience.”
Washington also confirmed the decision to allocate $20 billion to Ukraine.
“These loans will support the people of Ukraine as they defend and rebuild their country,” a statement on the White House website said.
“And our efforts make it clear: tyrants will be responsible for the damages they cause.”