The US to Direct Billions to Ukraine from Frozen Russian Assets: Treasury Reveals Amount.

Ukraine received 20 billion dollars from the US Department of the Treasury as part of the G7 initiative. These funds will be covered by revenues from frozen Russian assets.

According to the US Department of the Treasury, this amount is part of the G7 Extraordinary Revenue Acceleration (ERA) program for 50 billion dollars.

'These funds, paid from unexpected revenues from frozen Russian assets, will provide critical support to Ukraine at a time when it is grappling with an unprovoked war,' said US Treasury Secretary Janet Yellen.

Yellen also noted that the 50 billion dollars provided by the G7 through this initiative will help Ukraine have the necessary resources to ensure the functioning of emergency services, hospitals, and other vital areas.

The funds were transferred to the World Bank through the Financial Intermediary Fund for Investment in Strengthening Ukraine (F.O.R.T.I.S. Ukraine FIF) and will be available for use by the Ukrainian side.