On December 4, U.S. Secretary of State Antony Blinken announced a coordinated effort between the United States and the European Union to transfer $50 billion in frozen Russian assets to Ukraine. This initiative aims to support Ukraine's economy and defense amid ongoing conflict with Russia.
During a briefing, Blinken stated, “Making sure that Ukraine has the money, the resources it needs to sustain its economy and to sustain its defense - we've now managed on the basis of the frozen sovereign assets, the Russian assets that are frozen, to get $50 billion to Ukraine that will be going out the door in the next - in the coming weeks, both from the United States and Europe.”
The funds, which have been frozen in response to Russia's invasion, are expected to provide crucial assistance to Ukraine in the coming months. Since 2022, the U.S. has contributed $102 billion in aid to Ukraine, with allies and partners adding $158 billion.
Additionally, on December 2, Blinken announced a $725 million weapons package to Ukraine, which includes Stinger missiles, artillery ammunition, drones, and landmines. This package is part of efforts by the Biden administration to bolster Ukraine's defenses before a potential transition of power in January.