The US finalized its $20 billion portion of a long-awaited $50 billion loan to Ukraine backed by frozen Russian assets
The US finalized its $20 billion portion of a long-awaited $50 billion loan to Ukraine backed by frozen Russian assets, announcing plans to start making funds available by year-end for economic and military aid.
US Treasury Secretary Janet Yellen and Ukrainian Finance Minister Serhiy Marchenko signed an agreement for a US loan commitment of $20 billion, which would be placed alongside a separate $20 billion European Union commitment and $10 billion to be split by G7 allies Britain, Japan and Canada.
The loan will be repaid with the earnings from the over $300 billion in sovereign Russian assets that have been immobilized since Moscow's armies invaded Ukraine in February 2022. The funds are mostly held in Europe.
"In other words, Ukraine can receive the assistance it needs now, without burdening taxpayers," President Joe Biden said in a statement.
The Biden administration wants to make $10 billion of the loan funds available for military aid, a plan that would require the approval of the US Congress, White House National Security Council officials told reporters.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 17th of August, covering the latest developments you need to k...
Anti-government demonstrations in Serbia intensified on Saturday (August 16), as police deployed teargas and crowd-control vehicles to disperse protes...
US President Donald Trump is pushing for a trilateral summit with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy as earl...
Since January, more than 1.7 million Afghan citizens have returned from Iran and Pakistan, the United Nations said on Friday, warning of mounting huma...
Air Canada announced Saturday that it has suspended all flights after 10,000 flight attendants launched a strike, forcing Canada’s largest airline t...
Armenian Prime Minister Nikol Pashinyan defended the U.S.-brokered peace accord, saying it's “not a zero-sum game” and a step toward regional cooperation benefiting all, including Russia and Iran.
In a Fox News interview, President Ilham Aliyev said Azerbaijan’s transit deal with Armenia is “not against anyone” and marks the “final step toward peace,” while also addressing the 2024 downing of AZAL Flight 8243, demanding accountability and full compensation.
Chinese companies are ramping up investment in Indonesia to avoid steep U.S. import tariffs and tap into Southeast Asia’s largest consumer market.
A joint military exercise between Armenia and the United States has kicked off today on the 12th of August according to the country’s defence ministry.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
A deadly heatwave has claimed 1,180 lives in Spain since May, with elderly people most at risk, prompting calls for urgent social support.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 17th of August, covering the latest developments you need to know.
Anti-government demonstrations in Serbia intensified on Saturday (August 16), as police deployed teargas and crowd-control vehicles to disperse protesters in Belgrade.
US President Donald Trump is pushing for a trilateral summit with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy as early as 22 August, according to Axios.
Air Canada announced Saturday that it has suspended all flights after 10,000 flight attendants launched a strike, forcing Canada’s largest airline to halt operations of both Air Canada and its low-cost subsidiary, Air Canada Rouge.
At least 31 people, including seven children and a pregnant woman, were killed and 13 others injured in artillery shelling by the Rapid Support Forces (RSF) on El Fasher’s Abu Shouk displacement camp in North Darfur on Saturday, volunteer groups said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment