In the coming weeks, the US and EU will begin sending Ukraine $50 billion from frozen Russian assets.

Ukraine will soon begin to receive $50 billion, which will come from frozen Russian assets. This process is in its final stages. This was stated by U.S. Secretary of State Antony Blinken after a meeting of NATO ministers in Brussels.

Blinken noted that the U.S. and the EU have agreed on a joint plan for the rapid transfer of funds. In his view, these funds will be a crucial source of financial stability for Ukraine amid the ongoing war.

"We are finalizing preparations to allocate $50 billion from frozen Russian assets. These funds will be transferred to Ukraine in the coming weeks. Part of the funding will come from us, and part from Europe. They will provide substantial support for Ukraine next year," the Secretary of State emphasized.

It is worth recalling that the administration of current U.S. President Joe Biden had previously stated that it would accelerate the transfer of the remaining allocated security assistance to Ukraine. This includes $6 billion (252 billion hryvnias), which will be directed towards the purchase of weapons. This is crucial because after Donald Trump's inauguration, he may block the supply of arms.

How the EU is trying to strengthen Ukraine's negotiating position

The European Union is concerned about Donald Trump's pre-election statements regarding a quick end to the war in Ukraine, particularly his ideas about reducing financial military support. However, if Europe can find the necessary funding on its side, Trump's position in future negotiations with Russia would be significantly strengthened. This involves utilizing frozen Russian assets worth $300 billion, the majority of which are located in EU countries.

A more reliable current legal alternative to confiscation is the "reparations loan." According to this idea, G7 countries would lend Ukraine $300 billion "on their behalf." However, Kyiv must commit to demanding reparations from Moscow. If the Kremlin refuses to pay, which is considered a likely scenario, G7 countries would have the right to use frozen Russian assets to cover the financial assistance they would provide to Ukraine.