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Bloomberg has reported that the US and the EU are said to be approaching an agreement on the specific terms of a US$50bn financial aid package for Ukraine using the proceeds from frozen Russian assets.
Source: European Pravda, citing Bloomberg
Details: The news agency reports that the United States intends to participate in the loan regardless, but the extent of its involvement will depend on whether the EU modifies its sanctions legislation to provide more guarantees that Russian assets will remain immobilised.
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The US is said to be ready to provide US$20bn of the total amount if such changes to the sanctions regime are made.
If the EU fails to do so, the US will still join in, but the contribution amount will be smaller, sources familiar with the matter told Bloomberg.
The financial assistance in question totals US$50 billion, to be provided by the EU, the US,…
