According to Deputy Head of the Office of the President Iryna Mudra, Ukraine is still unsure about the details of receiving $50 billion from frozen Russian assets. This loan, promised by the G7 countries, is expected to be repaid from profits generated by these assets, which are mostly held in EU countries. However, no concrete steps have been taken and Ukraine has not yet received any of these funds.
Mudra stated that Ukraine does not understand how this process will be organized, what mechanisms will be used, or what conditions will be attached to the loan. She also mentioned that the country has not received any of the $1.4 billion generated from frozen assets in the EU. While these funds are intended for Ukraine’s needs, they have not yet been accessible to the country.
The official also explained that Ukraine has set conditions for its partners, stating that the funds should be used for reconstruction and the purchase of weapons. She emphasized that these funds should be provided as a grant, not a loan, and should not be seen as an alternative to confiscation.
Mudra believes that the biggest obstacle preventing Ukraine from receiving these funds is political will. She stated that if the West has the political will to do so, legal frameworks can be developed to protect against any negative financial effects.
In conclusion, Ukraine is still waiting for the promised $50 billion loan from frozen Russian assets and is facing challenges in understanding the details and receiving the funds. The country hopes that its allies will show the necessary political will to make this loan a reality.
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