Attracting $20 billion will be a powerful impetus for Ukraine’s recovery, – Victoria Korsunova

The United States plans to allocate $20 billion to Ukraine as part of the $50 billion loan agreed by the Group of Seven, which will be financed by frozen Russian assets. This was announced by Deputy National Security Advisor to the White House Dalip Singh.

Part of these funds will be used to provide military and economic support to Ukraine. Singh emphasized that this is an unprecedented step: for the first time, the international coalition is using the frozen assets of the aggressor country to help the affected party, while adhering to the rule of law.

“This decision is an important signal for Ukraine and our international partners. It will allow not only to support the army, but also to direct resources to rebuild critical infrastructure and residential facilities, which is a top priority for our country,” said Victoria Korsunova, Director of the Kyiv office of the Ukraine Reconstruction Fund.

The final details of the agreement are expected to be agreed upon during the meeting of the Group of Seven finance ministers in Italy this week.

“It is important to use these resources as efficiently as possible to reconstruct the infrastructure, especially in the affected regions. This will be a powerful impetus for Ukraine’s economy and its resilience both during the war and in the future peaceful recovery,” emphasized Victoria Korsunova.

Thanks to funding from the United States and other international partners, the Ukraine Reconstruction Fund continues to implement projects to rebuild social infrastructure, support vulnerable populations and develop Ukraine’s economy.