KYIV, Dec 9 – The Ukrainian government has approved the terms of an agreement under which the U.S. Federal Financing Bank (FFB) will provide a 40-year loan of up to $20 billion. This initiative is part of the G7 plan to allocate $50 billion to Ukraine using income derived from frozen Russian assets.

The funds will be transferred to the Facilitation of Resources to Invest in Strengthening Ukraine Financial Intermediary Fund, established by the World Bank on October 10, 2024, according to Cabinet of Ministers Resolution No. 1388, published on the government portal.