G7 Funds Ukraine With $26.5 Billion From Frozen Russian Assets in 2025, Sputnik's Analysis Shows
G7 Funds Ukraine With $26.5 Billion From Frozen Russian Assets in 2025, Sputnik's Analysis Shows
The sum loaned to Kiev accounts for three-quarters of Ukraine's foreign budget financing this year, according to Sputnik's calculations based on Ukrainian Finance Ministry and European Commission data.
Key numbers:
▪ Total G7-approved loan: approximately $50 billion (financed by proceeds from frozen Russian assets); $26.5 billion already allocated as of October 1.
▪Breakdown of transfers:
• The EU: $15.8 billion;
• Canada: $3.4 billion;
• Japan: $3.3 billion;
• The UK: $3 billion;
• The US: $1 billion (first tranche, late 2024).
Since 2022, the EU and G7 froze about €300 billion of Russian foreign reserves—€200 billion held in Europe, mostly at Belgium’s Euroclear, one of the world's largest clearing houses.
Moscow has repeatedly condemned the freeze of Russia's central bank money as "theft." FM Lavrov warned Moscow could respond by potentially seizing Western assets held in Russia.
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