U.S. Gives Ukraine $20 Billion in Stolen Russian Assets

The Biden administration has been pumping Kyiv with money since Donald Trump's win so Ukraine falls during the Trump presidency, analysts say

The Biden administration announced today that the U.S. will pump Ukraine with $20 billion in stolen Russian assets to keep the war going — which is part of a $50 billion effort by the G7 announced in October

“These funds – paid for by the windfall proceeds earned from Russia’s own immobilized assets – will provide Ukraine a critical infusion of support as it defends its country against an unprovoked war of aggression,” Janet Yellen, the secretary of the Treasury, said in a statement. She continued: “We are sending an unmistakable message of resolve by making Russia increasingly bear the costs of its illegal war, instead of taxpayers in our coalition.”

(U.S. taxpayers already sent Ukraine over $60 billion in weapons.)

The International Monetary Fund warned in May that the Western push to confiscate Russian assets or the interest on these funds could dramatically undermine the global monetary system.

Christine Lagarde, the European Central Bank president, spoke out against stealing the Russian assets in April at the Council for Foreign Relations.

“Moving from freezing the assets to confiscating the assets, disposing of them, is something that needs to be looked at very carefully” because it would “start breaking the international legal order that you want to protect, that you would want Russia and all countries around the world to respect,” according to Politico.

U.S. President-elect Donald Trump, who campaigned on them promise to end the war in Ukraine, called for an immediate ceasefire in Ukraine, stating that Ukrainian President Volodymyr Zelensky and Kyiv would “like to make a deal and stop the madness.”