AGL 40.14 Increased By ▲ 0.12 (0.3%)
AIRLINK 182.55 Increased By ▲ 4.48 (2.52%)
BOP 10.14 Increased By ▲ 0.18 (1.81%)
CNERGY 7.10 Increased By ▲ 0.16 (2.31%)
DCL 10.20 Increased By ▲ 0.11 (1.09%)
DFML 41.78 Increased By ▲ 0.21 (0.51%)
DGKC 108.00 Increased By ▲ 1.11 (1.04%)
FCCL 39.15 Increased By ▲ 0.12 (0.31%)
FFBL 81.41 Decreased By ▼ -0.48 (-0.59%)
FFL 14.38 Increased By ▲ 0.68 (4.96%)
HUBC 119.70 Increased By ▲ 0.45 (0.38%)
HUMNL 14.10 Increased By ▲ 0.10 (0.71%)
KEL 6.41 Increased By ▲ 0.50 (8.46%)
KOSM 8.14 Increased By ▲ 0.08 (0.99%)
MLCF 49.00 Increased By ▲ 0.90 (1.87%)
NBP 73.30 Increased By ▲ 0.47 (0.65%)
OGDC 199.70 Increased By ▲ 5.94 (3.07%)
PAEL 33.00 Increased By ▲ 0.85 (2.64%)
PIBTL 8.07 Increased By ▲ 0.05 (0.62%)
PPL 181.01 Increased By ▲ 6.94 (3.99%)
PRL 33.20 Increased By ▲ 0.60 (1.84%)
PTC 27.00 Increased By ▲ 1.73 (6.85%)
SEARL 123.90 Decreased By ▼ -1.06 (-0.85%)
TELE 9.70 Increased By ▲ 0.28 (2.97%)
TOMCL 35.40 Increased By ▲ 0.01 (0.03%)
TPLP 11.66 Increased By ▲ 0.04 (0.34%)
TREET 20.26 Increased By ▲ 1.84 (9.99%)
TRG 60.95 Increased By ▲ 0.46 (0.76%)
UNITY 37.70 Decreased By ▼ -0.51 (-1.33%)
WTL 1.67 Increased By ▲ 0.01 (0.6%)
BR100 11,722 Increased By 198.7 (1.72%)
BR30 36,249 Increased By 699.3 (1.97%)
KSE100 110,567 Increased By 1670 (1.53%)
KSE30 34,317 Increased By 508 (1.5%)

WASHINGTON: The U.S. Treasury on Tuesday said it disbursed the $20 billion U.S. portion of a $50 billion G7 loan to Ukraine backed by frozen sovereign Russian assets to a World Bank intermediary fund for economic and financial aid to the war-torn country.

The Treasury said the disbursement makes good on its October commitment to match a $20 billion European Union loan to Ukraine alongside loans from Group of Seven allies Britain, Canada and Japan to help the Eastern European nation fight Russia’s invasion.

G7 to make $50 bn Ukraine loan available by year-end: Yellen

The disbursement prior to President-elect Donald Trump’s inauguration in January is aimed at protecting the funds from being clawed back by his administration.

Trump has complained that the U.S. is providing too much aid to Ukraine and said he will end the war quickly, without specifying how.

The $50 billion in credit for 30 years will be serviced with the interest proceeds from some $300 billion in frozen Russian sovereign assets that have been immobilized since Russia invaded in February 2022.

Comments

200 characters