According to journalists, the costs of this assistance will be offset by windfall profits from Russian assets that were frozen in Europe.
The United States is in talks with close G7 partners to persuade them to jointly provide up to $50 billion in aid to Ukraine. Bloomberg writes about this.
According to journalists, the costs of this assistance will be offset by windfall profits from Russian assets that have been frozen. The US is pushing for an agreement to be reached at the G7 leaders’ meeting in Italy in June. True, negotiations are difficult and it may take months before an agreement is reached.
The material says that the plan shows Washington’s strong support for Ukraine even after the US Congress approved $61 billion in aid to Kyiv. The move will also put new pressure on the European Union to drop its objections to the use of frozen Russian assets.
As US Treasury Secretary Janet Yellen said, Washington wants the US to help Ukraine with the help of frozen Russian assets, not alone.
“Ideally we would like to see the whole G7 involved in this, not just the United States doing it alone,” she said.
The publication writes that most European countries oppose direct confiscation of Russian assets and are skeptical of proposals that they fear could undermine the stability of the euro or expose them to “retribution” from Russia.
Sources say the U.S. effort is essentially about finding a way to provide Ukraine with as much support as possible quickly, rather than in smaller amounts, by more effectively mobilizing profits from Russia’s frozen assets.
Previously, the media reported that Biden would pay less attention to Ukraine because of voters. According to journalists, many Americans are primarily concerned about economic problems in the United States. It is they who the Democrats want to attract to their side.
US intelligence believes the war will not end anytime soon. Russia has accelerated the rebuilding of its military capabilities and increased defense spending to 7% of GDP, nearly double the historical average, according to Director of National Intelligence Avril Haines.
