The US still intends to participate in a G7 fundraising effort for Ukraine, despite the EU failing to agree to Washington’s request for guarantees that Russia’s assets will stay immobilised in the bloc for longer.
US and EU officials told the Financial Times that Washington is preparing to join the $50bn loan to Kyiv agreed by G7 leaders in June even without an extension to the EU sanctions period, as pressure mounts to show a united front on Ukraine before a new president enters the White House.
Under the G7 agreement, the entirety of the $50bn loan would be repaid by profits earned from Russian central bank assets immobilised in the west in response to Moscow’s war, the majority of which are held in the EU.
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