Billions flow to Kyiv as G7 unlocks profits from frozen Russian assets

Ukraine has received a total of $45.5 billion in loans from the Group of Seven (G7) countries, financed through proceeds generated by frozen Russian assets, Ukraine's Ministry of Finance said.

The cumulative amount reached $45.5 billion by the end of May, reflecting the continued implementation of a financial support mechanism established by G7 nations to assist Kyiv, Caliber.Az reports, citing Russian media.

According to the reported figures, only $1 billion of the total was provided by the United States, with the transfer made in 2024. No additional funding from Washington has been disbursed through this mechanism since then.

The remaining G7 member states supplied the bulk of the financing, providing Ukraine with $37.9 billion in 2025 and a further $6.6 billion in 2026.

The funds were raised through revenues generated from Russian assets that were frozen by Western countries following the escalation of the conflict in Ukraine.

By Vafa Guliyeva