U.S. pays $20 billion into Ukraine loan fund | 10 Dec 2024 | The U.S. Treasury Department announced on Tuesday that it had disbursed a $20 billion loan for Ukraine, backed by interest from frozen Russian assets. The money, which covers around half of Kiev's current deficit, is part of a broader $50 billion G7 loan deal. The EU will contribute an additional $20 billion to this fund, while G7 members Britain, Japan and Canada will add another $10 billion, for a total of $50 billion that Ukraine will theoretically [never] repay over 40 years. By handing over the money before President-elect Donald Trump takes office in January, the Treasury Department has ensured that Trump will not be able to cancel or amend its terms, a step that would be potentially be taken as leverage to force Ukrainian leader Vladimir Zelensky to negotiate a peace deal with Moscow.