US transfers $20 billion to Ukraine, funded by seized Russian assets

The U.S. Treasury Secretary, Janet Yellen, emphasized that this move ensures that Russia bears the costs of its aggression, rather than American taxpayers. The funds, channeled through the World Bank, will be used to support critical infrastructure and essential services in Ukraine.

While the U.S. administration had initially hoped to allocate half of the funds to military aid, congressional approval was necessary for this. Despite months of deliberation, the House of Representatives only approved $61 billion in military aid in April.  

The $20 billion transfer comes at a crucial time for Ukraine, as its forces face challenges on the battlefield. The Ukrainian government will utilize these funds to bolster its defenses and maintain essential services for its citizens.

The move to use seized Russian assets to fund Ukraine's defense underscores the international community's determination to hold Russia accountable for its actions and support the Ukrainian people in their fight for freedom and sovereignty. (ILKHA)