US to lend to Ukraine if EU sanctions against Russian Federation are extended – FT

Washington is ready to provide Kiev with a $50bn loan to be repaid from the profits of frozen Russian assets if the EU extends sanctions against Russia. This was reported by the Financial Times (FT) newspaper with reference to the EU discussion document.

 

“According to a leaked discussion document, the US is ready to provide Ukraine with a $50bn loan, repayable with profits from frozen Russian assets, if the EU is able to extend sanctions against Moscow,” the FT article said.

According to the newspaper, the EU’s restrictive measures against Russia are to be extended indefinitely. It is noted that the US is also considering other options in case European countries fail to agree to extend anti-Russian sanctions or the profits do not reach the level of required repayments.

The exact details of the loan, including its maturity date, interest rate and whether it will be provided directly or through an intermediary, will be determined later, the FT concluded.

We will remind, earlier Russian President Vladimir Putin said that Russia is going through a difficult period in Russian history. He emphasised that in the emerging conditions of the new global reality, “someone is seeking” to preserve its fading hegemony through Russia.