Joe BidenDemocratic PartyMoney, minerals and reconstruction
$20bn US loan repaid from Russian assets
“As part of the G7 package, the United States is announcing today that we will provide $20 billion in loans to Ukraine that will be paid back by the interest earned from immobilized Russian sovereign assets.”
- Promised
- In plan
- Legislated
- Funded
- Delivering
- Delivered
Where it stands
On 10 December 2024 the Treasury moved the $20bn to a World Bank fund (the F.O.R.T.I.S. Ukraine FIF), through which it is to be made available to Ukraine. As of July 2025 the World Bank had paid $4.64bn of this money to Ukraine through its PEACE project, according to the US Government Accountability Office.
What has happened
- Promised. The President announces the US share of the G7 loans
- Delivering. The Treasury transfers the $20bn to the World Bank’s F.O.R.T.I.S. Ukraine fund evidence
About the cost
$20bn as worded, at the ECB rate of 1.0767 dollars to the euro on 23 October 2024: €18.58bn. Low–high is an editorial ±10% because the statement gives one figure.
More detail
Sources (3)
Checks
- Version 1, 20 October 2026: Quote checked word for word at its source on 21 October 2026
- Approved by Pavel Guzhikov, editor, on 21 October 2026: Approved for the first publication on the AI Journalist's check.
- Checked by AI Journalist (automated) on 21 October 2026: Quote checked word for word at its source; dates, events, evidence links, figures and wording checked against the cited sources, with fixes made before publication.
Related promises
- EU€90bn EU loan to Ukraine for 2026–2027“The European Council agrees to provide a loan to Ukraine of EUR 90 billion for the years 2026-2027 based on EU borrowing on the capital markets backed by the EU budget headroom.”
- Japan¥471.9bn Japanese loan in the G7 plan“Japan contributes to supporting Ukraine through providing Ukraine with a yen loan of 471.9 billion yen through a World Bank Financial Intermediary Fund, under the Extraordinary Revenue Acceleration (ERA) Loan initiative for Ukraine, which was agreed by the G7 Leaders last year and is to be repaid by future flows of extraordinary revenues stemming from immobilized Russian sovereign assets.”
- RepublicansSign a minerals agreement with Ukraine on Friday“President Zelenskyy is going to be coming on Friday. That's now confirmed. And we're going to be signing an agreement, which will be a very big agreement.”