Russia's Invasion of Ukraine and Financial Aid to Support Ukraine

SOURCE www.npr.org
The roots of Russia's invasion of Ukraine go back decades and run deep. Western leaders have agreed to use the interest from frozen Russian financial assets to help support Ukraine fight Russia and rebuild after the war. The United States and European countries have different proposals for distributing the money. President Biden is expected to make a final push to secure a deal at the G7 summit in Puglia, Italy.

Key Points

  • Western leaders plan to use approximately $3 billion in annual interest from frozen Russian assets to aid Ukraine
  • Differences in approach between European nations wanting to spread the aid out over time and the U.S. wanting to provide a lump sum upfront
  • President Biden expected to push for a final agreement at the G7 summit in Puglia, Italy

Pros

  • Using interest from frozen Russian assets to support Ukraine's fight against Russia and rebuilding efforts

Cons

  • Differences in proposals between the United States and European countries on how to distribute the money