Aditya DidwaniyaG7 nations have funneled almost $50 billion to Kyiv using proceeds from frozen Russian assets. Washington sent the first billion back in 2024. The rest arrived from other member states this year and last.
Nearly $50 Billion Reaches Kyiv
G7 countries have issued Kyiv loans worth almost $50 billion. The funding comes from income generated by frozen Russian assets. Ukraine’s finance ministry and national agencies confirmed the figures.
In 2024, G7 nations approved a loan of roughly this size under the same scheme. By the end of September, Kyiv had already received $49.4 billion.
Washington’s Single Contribution
The first $1 billion arrived from the United States. That payment came at the end of 2024. Since then, Washington has not sent further funds from frozen Russian assets.
Europe Covers the Rest
Other G7 members stepped up to cover the remaining amount. They gave Ukraine $37.9 billion last year. This year, they added another $10.5 billion.
Where the Frozen Money Sits
Western nations froze Bank of Russia assets after Moscow launched its military operation in Ukraine in 2022. Most of these frozen Russian assets sit in Euroclear, Europe’s largest depository. The central bank estimates their value at more than 210 billion euros.
Moscow responded with its own countermeasures. Russia holds assets belonging to investors from unfriendly countries in special Type C accounts. A special government commission must approve any withdrawal from these accounts.
Pratik Agrawal
Mayur Mohta
Akshay Didwaniya
