The US agrees to provide almost $20B as part of the G7’s loan to Ukraine.

According to FT, Western officials want to deliver funding to Kyiv by the end of the year, realizing that if Donald Trump wins the US elections in November, Washington’s aid to Ukraine is at risk.

Recently the US’ contribution had been expected to be less than initially planned because the EU’s failure to guarantee that Russian assets would remain frozen for at least three years. However, on October 18 US officials told their G7 counterparts that Washington will provide nearly $20B.

They said this is possible even if the EU fails to convince Hungarian Prime Minister Viktor Orbán to lift his veto on extending EU sanctions. This is a condition that Washington has been insisting on.

The G7 finance ministers, who will meet in Washington on October 25 on the sidelines of the IMF and World Bank meetings, should state the loan’s distribution and structure. The US is still consulting with members of Congress and Ukrainian officials on the loan’s repayment.