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US expected to pay up to $20bn into G7 loan for Ukraine

Washington’s contribution would follow months of wrangling to secure funding before presidential election
Volodymyr Zelenskyy and Joe Biden. G7 countries have been locked in months-long negotiations over the structure of the $50bn loan to Ukraine agreed in June

The US is willing to provide up to $20bn as part of a G7 loan to Ukraine that will be repaid with profits generated by Russia’s frozen assets, according to three people familiar with the matter.

The talks over the loan are accelerating as western officials want to provide funding to Kyiv before the end of the year, conscious that if Donald Trump wins the US election in November, Washington’s aid to Ukraine could be cut off.

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