The US and its European allies are nearing an agreement on using profits from frozen Russian assets to secure billions for Ukraine’s war effort, with officials hoping to have a deal by the Group of Seven summit later this month.
“We’re waist deep in the sausage making of trying to strike a deal,” Daleep Singh, the White House deputy national security adviser for international economics, told a gathering at the Center for a New American Security on Thursday. “What I can say at this moment is there’s a shared understanding of how dire the situation is on the ground.”
A Treasury official separately told Semafor that “it’s fair to say that there’s a lot of forward progress and movement right now” towards an agreement.
White House national security adviser Jake Sullivan also indicated during a meeting with Baltic officials earlier this week that a deal was close, according to a European official briefed on the discussion.
The idea pushed by the US would involve using the interest from the frozen Russian assets to jointly secure a $50 billion loan to help Ukraine as it beats back the Russian invasion.
“Everyone in the G7 is on the same page about two things: one, we have to do more … and two, we have a relatively narrow window to act because Ukraine has a critical funding gap,” the Treasury official said.
Is this the package that will require unanimous EU approval to extend Russian sanctions indefinitely? If so, isn’t this talk premature, because… Orbán?
I’m ashamed of the west.i feel ashamed. Everything should have been taken care of 2 years ago.i guess my letters to my government might have been ignored. Get it done already!!!!!!
So incredibly slow. We are in the third year of this unprovoked, illegal war with the fascist orcs and the assets still haven’t been traded for cold, hard weapons/bombs/missiles/drones. It’s hundreds of billions that could’ve saved so many lives. Maybe even ended the war. Just get to it!
Hopefully that money can be used to buy those artillery shells Czechnia talked about, as well as other equipment.
6 comments
**From Semafor’s Morgan Chalfant:**
The US and its European allies are nearing an agreement on using profits from frozen Russian assets to secure billions for Ukraine’s war effort, with officials hoping to have a deal by the Group of Seven summit later this month.
“We’re waist deep in the sausage making of trying to strike a deal,” Daleep Singh, the White House deputy national security adviser for international economics, told a gathering at the Center for a New American Security on Thursday. “What I can say at this moment is there’s a shared understanding of how dire the situation is on the ground.”
A Treasury official separately told Semafor that “it’s fair to say that there’s a lot of forward progress and movement right now” towards an agreement.
White House national security adviser Jake Sullivan also indicated during a meeting with Baltic officials earlier this week that a deal was close, according to a European official briefed on the discussion.
The idea pushed by the US would involve using the interest from the frozen Russian assets to jointly secure a $50 billion loan to help Ukraine as it beats back the Russian invasion.
“Everyone in the G7 is on the same page about two things: one, we have to do more … and two, we have a relatively narrow window to act because Ukraine has a critical funding gap,” the Treasury official said.
**[Read the full story here](https://www.semafor.com/article/06/06/2024/western-allies-near-deal-to-fund-ukraine-with-russian-assets?utm_campaign=semaforreddit).**
Is this the package that will require unanimous EU approval to extend Russian sanctions indefinitely? If so, isn’t this talk premature, because… Orbán?
I’m ashamed of the west.i feel ashamed. Everything should have been taken care of 2 years ago.i guess my letters to my government might have been ignored. Get it done already!!!!!!
So incredibly slow. We are in the third year of this unprovoked, illegal war with the fascist orcs and the assets still haven’t been traded for cold, hard weapons/bombs/missiles/drones. It’s hundreds of billions that could’ve saved so many lives. Maybe even ended the war. Just get to it!
Hopefully that money can be used to buy those artillery shells Czechnia talked about, as well as other equipment.
Hurry it up, guys & girls!