In any case, the United States will provide a loan to Ukraine with repayment at the expense of profits from the frozen assets of the Russian Central Bank, but the scale of the contribution will depend on what guarantees the European Union can give that these assets will remain immobilized. This is reported by Bloomberg with reference to an American official.
It is noted that initially the US and the EU agreed to allocate equal amounts of about $20 billion to each side, until Washington demanded a more robust sanctions regime from Europe to ensure that windfall revenues remain available, as it requires a unanimous extension every six months.
"The EU is in the process of adjusting its sanctions on frozen assets so that they only need to be renewed every 36 months, in accordance with the US requirement. The bloc also offered to contribute up to 35 billion euros ($39 billion) from its collective budget in case the United States does not join the loan," the agency reports.
Proposal to increase the share The EU was rebuffed by G-7 members — Germany, France and Italy — during a meeting in Brussels on Wednesday, the agency's sources said on condition of anonymity.
"The European Commission, the executive body of the EU, stressed that the goal is to ensure the participation of the United States by amending the sanctions regime… The Commission informed member states that the United States could join the initiative even after the elections, but added that the bloc should complete the legislative work, which also requires the approval of the European Parliament, by the end of October," the agency notes.
It is expected that the G-7 countries will fulfill their promises at the ministerial meeting on October 25, one of the sources said. EU leaders are going to meet on October 17-18 and will probably discuss support for Ukraine.