“These funds – financed by windfall revenues from Russia’s fixed assets – will provide Ukraine with critical support,” Treasury Secretary Janet Yellen said.
The Biden administration is striving to accelerate its aid to Ukraine before the transfer of power to the Trump administration on January 20, and announced aid estimated at $988 million to kyiv on Saturday.
The Republican president-elect has in fact hammered home his intention to reduce American aid to Ukraine. He reiterated that kyiv should “probably” expect less aid from the United States, in an interview broadcast on Sunday – the day before his meeting in Paris with Ukrainian President Volodymyr Zelensky.
Faced with the threat of a nuclear strike, the phlegm of Ukrainians: “We cannot be afraid of a mortal threat for more than six months”
“Determination”
“Right now, (Vladimir) Putin is engaging our coalition in a competition of wills, counting on us to tire and ultimately retreat,” warned Janet Yellen.
But she spoke of the “unequivocal message of determination” brought with this G7 agreement, “by ensuring that Russia bears more and more of the costs of its war, in place of the taxpayers” of Western countries.
Ukraine’s European allies fear a disengagement of the United States in this conflict or even American pressure for an agreement to the detriment of kyiv.
Donald Trump also threatens to take the United States out of NATO, asking the Allies to contribute more financially.
“Supporting Ukraine is also vital to the national interest of the United States. Failing Ukraine would further encourage aggression led by (Vladimir) Putin and jeopardize the security of our NATO allies in Europe, which we are bound by treaty to defend,” the Treasury Department said.
The G7 brings together seven of the most advanced economies in the world: Germany, Canada, the United States, France, Italy, Japan and the United Kingdom.
The amount of Russian assets frozen in these countries – a large part in Belgium with the Euroclear clearing house – amounts to some 300 billion euros which generate up to three billion euros in revenue per year.
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