The US has finally finalised plans to give an additional $20bn to Ukraine as part of a G7 loan backed by profits generated from Russian assets frozen in Europe, with at least half of the money to be disbursed by the end of the year.
The agreement comes on the heels of an announcement that the UK will extend an additional ￡2.3bn loan for military aid to the country as part of a wider effort by G7 countries to provide $50bn in additional support.
The EU approved funding earlier this month, but with US support, it will be able to contribute less. Brussels is likely to lend about $20bn. Canada and Japan are poised to provide the remainder.
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