Ukraine Gets $3B From Putin's Funds Held by NATO Ally
Ukraine War,Ukraine,Russia,Vladimir Putin,Ukraine Aid,NATO,United Kingdom,Europe,Eastern Europe
From the Center
AllSides Media Bias Rating: Center
Ukraine will receive a $3 billion loan from the United Kingdom to purchase military equipment, paid for by the profits generated from frozen Russian assets.
G7 members collectively froze about $280 billion of Russian central bank assets in response to Putin's invasion of Ukraine.
The vast majority of funds are in Europe and are expected to generate about $3-5 billion in profits a year.
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