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#FT։ US seeks EU sanctions guarantee to back $50 bln Ukraine loan

10:00, Wednesday, 05 June, 2024
#FT։ US seeks EU sanctions guarantee to back $50 bln Ukraine loan

The US is ready to lead a loan of $50bn to Ukraine repaid by profits from frozen Russian assets if the EU can indefinitely extend sanctions against Moscow, according to a leaked discussion paper.

The US proposal is outlined in an EU discussion paper, seen by the Financial Times, prepared for a virtual meeting of the bloc’s finance ministers on Wednesday to discuss how to raise upfront money for Kyiv.

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