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Espreso Global Sanctions against Russia US proposes to transfer frozen Russian assets to rebuild Ukraine

US proposes to transfer frozen Russian assets to rebuild Ukraine

14 April, 2023 Friday

11:58

Sanctions against Russia

The US is considering using the frozen assets of Russia’s Central Bank to rebuild Ukraine

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The US Chamber reported the information.

At the US-Ukraine Partnership Forum, US Under Secretary of State for Political Affairs Victoria Nuland made a statement about frozen Russian money that could be used to rebuild Ukraine.

According to Nuland, about USD 300 billion in frozen Russian money held in foreign bank accounts could be used to rebuild Ukraine.

During his visit to the United States, Ukrainian Prime Minister Denys Shmyhal is scheduled to meet, among other things, with the World Bank.
On April 12, the World Bank announced that it would allocate USD 200 million to finance a project to restore Ukraine's energy infrastructure.

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