The European Council also pledges military and financial support for Ukraine, including 16.2 billion euros in 2024 payments and equipment delivery commitments.
Kaja Kallas said Kyiv had a legitimate claim for compensation. The G7 nations and EU now provide Ukraine a loan backed by proceeds from frozen Russian assets, not the assets themselves.
US Treasury Dept announced the disbursement of $20 billion to Ukraine, marking a significant milestone in the G7's $50 billion extraordinary revenue acceleration initiative.
Poland's deputy finance minister stated that the European Union is ready to compensate financially if the US pulls out of G7's Ukraine loan backed by proceeds from frozen Russian assets.
The US aims to contribute up to $20 billion to a G7 loan for Ukraine, with repayment from profits on frozen Russian assets, as negotiations accelerate ahead of potential shifts in US aid policy post-election, FT says.