Washington must contribute $20 billion (18.5 billion euros) to the loan to Ukraine promised by G7 countries with interest on frozen Russian assets, US Treasury Secretary Janet Yellen said on Tuesday.
This operation should be completed by the end of the year, he assured the governor.
"We are ready to finalize America's share of the $50 billion loan program," which the G7 countries hope to "grant to Ukraine by the end of the year," Yellen told a news conference.
The United States must "contribute up to 20 billion dollars to the 50 billion dollar package of the G7", he specified, during this meeting organized on the occasion of the annual meetings of the International Monetary Fund (IMF) and the World Bank that held this week in Washington.
G7 leaders agreed in June to use the proceeds generated by frozen Russian assets in their jurisdictions to guarantee a $50 billion (€46.3 billion) loan to Ukraine.
This loan will be secured by future interest generated by Russian fixed assets, which amount to 300 billion euros, generating up to three billion euros in revenues per year.
Janet Yellen said there was "still a little work to finalize the details" of the US loan, but only "a few small things, we are very close to it, and there is nothing important to resolve"
In a more comprehensive way, "to date there is still no agreement" between the G7 countries on the technical details of the loan of 50 billion, observed Tuesday a source from the French Ministry of Economy, highlighting "an important work at technical level to reach an agreement" that she hopes on Friday during a meeting of G7 finance ministers.
Former President Donald Trump, who hopes to be re-elected on November 5, continues to denounce the money given to Ukraine by the administration of Democrats Joe Biden and Kamala Harris, the contender in the race for the White House.
On the contrary, the Republican promises to reduce international financial aid to allocate this money to the United States.
Janet Yellen thus clarified that, in the context of this loan to Ukraine, "the source of financing of these loans is not the American taxpayer", but rather "Russia", through "the proceeds of (...) Russian sovereign assets that were mobilized in Europe, where the source of payment is located".
He also announced a new round of "severe" sanctions against Russia, which will be detailed "next week", and will target "intermediaries in third countries that supply Russia with essential parts for its army"
"We continue to fight against sanctions evasion by Russia," he assured.
The United States and allied countries have imposed, since Russia’s invasion of Ukraine in February 2022, thousands of sanctions, targeting individuals, companies or other entities.
Economic sanctions, specifically, taken by the Treasury Department, freeze the assets in the United States of targeted individuals or entities and aim to restrict their trade.
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