Washington’s use of the proceeds from frozen Russian assets to repay its massive $20 billion loan to Ukraine shows that the US has advanced “theft” to the level of government policy, the Russian Embassy in the US has said.
On Wednesday, President Joe Biden announced a “historic decision to leverage Russian sovereign assets to support Ukraine.” The US will provide Kiev with a $20 billion loan as part of a broader $50 billion G7 package, he said in a press release.
The day before, both the EU and UK announced loans of their own, similarly to be repaid via interest from Russian funds.
The use of windfall profits from blocked Russian assets will provide Ukraine assistance “without burdening taxpayers,” Biden said.
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