The lunacy never ends: Kiev reveals terms of $20 billion U.S. loan | 9 Dec 2024 | The Ukrainian government has approved the terms of a conditional agreement with the U.S. Federal Financing Bank (FFB) for a 40-year loan of $20 billion which will be backed by profits from frozen Russian state assets. It’s part of a broader $50 billion G7 loan deal, which includes a separate $20 billion EU commitment, and $10 billion to be split by G7 members Britain, Japan and Canada. The money will be transferred to the Facilitation of Resources to Invest in Strengthening Ukraine Financial Intermediary Fund, established by the World Bank on October 10, "for the sake of the state," a resolution issued by Ukraine's Cabinet of Ministers on Friday stated. The transfer will be based on a Certificate Purchase Agreement between Ukraine, the FFB, and the U.S. Agency for International Development (USAID) [the worst cesspool in the D.C. swamp], along with a loan guarantee and repayment agreement between Ukraine and USAID.