{"id":43727,"date":"2024-12-11T03:25:24","date_gmt":"2024-12-11T03:25:24","guid":{"rendered":"https:\/\/gyalchisarshog.com\/?p=43727"},"modified":"2024-12-11T03:25:27","modified_gmt":"2024-12-11T03:25:27","slug":"us-gives-20bn-to-ukraine-funded-by-seized-russian-assets","status":"publish","type":"post","link":"https:\/\/gyalchisarshog.com\/?p=43727","title":{"rendered":"US gives $20bn to Ukraine funded by seized Russian assets"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">BBC:   <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The US has given $20bn (\u00a315bn) to Ukraine, funded by the profits of seized Russian assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The economic support forms a significant part of a $50bn (\u00a339bn) package agreed by G7 member nations announced in June.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Funding the aid through frozen assets means Russia has to &#8220;bear the costs of its illegal war, instead of taxpayers,&#8221; US Treasury Secretary Janet Yellen said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It comes a matter of weeks before US President Joe Biden is replaced by Donald Trump, who has said he wants to&nbsp;<a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c0mzgv4x901o\">end the war in Ukraine quickly upon taking office.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The president-elect has characterised financial support to Kyiv as a drain on US resources, casting doubt on whether aid will continue under the new administration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The US Treasury said on Tuesday that it had transferred the $20bn to a World Bank fund, where it will be available for Ukraine to draw from.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Money handled by the World Bank cannot be used for military purposes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The administration had hoped to dedicate half of the money to military aid, the Reuters news agency reported, but this would have required approval from Congress.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There were months of delay, amid political wrangling in the House of Representatives, before&nbsp;<a href=\"https:\/\/www.bbc.co.uk\/news\/world-us-canada-68848277\">$61bn of military aid for Ukraine was approved in April.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BBC: The US has given $20bn (\u00a315bn) to Ukraine, funded by the profits of seized Russian assets. The economic support forms a significant part of a $50bn (\u00a339bn) package agreed by G7 member nations announced in June. Funding the aid through frozen assets means Russia has to &#8220;bear the costs of its illegal war, instead of taxpayers,&#8221; US Treasury Secretary Janet Yellen said. It comes a matter of weeks before US President Joe Biden is replaced by Donald Trump, who has said he wants to&nbsp;end the war in Ukraine quickly upon taking office. The president-elect has characterised financial support to&#8230; <\/p>\n","protected":false},"author":1,"featured_media":43728,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-43727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/43727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43727"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/43727\/revisions"}],"predecessor-version":[{"id":43729,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/43727\/revisions\/43729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/43728"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}