The US offers to provide Ukraine with billions of euros in aid secured by profits from the Russian Federation’s frozen assets.

As the FT writes, the US is proposing to the G7 a compromise plan for the use of Russian assets rather than their confiscation or simply providing Ukraine with their profits.

Daleep Singh, the US president’s deputy national security adviser, said the US proposal would use future earnings from frozen assets as collateral to raise money now in the form of bonds or loans.

“Instead of just reciting a year’s return on reserves, you can recap 10-year or 30-year returns,” the US official said.

This idea would allow Ukraine to receive more funds, more quickly. The bonds could bring from €30-€40B, given the projected profit Euroclear anticipates from the Russian assets over the next 10 years, and €50-€60B over the next 15-20 years.

The proposal will be discussed at the spring meetings of the World Bank and the IMF on April 17, and a decision on the issue is expected to be reached at the G7 summit in June.