Ukraine has received the first portion of revenue from Russian assets from the United States.

Prime Minister Denys Shmyhal announced this on Telegram.

“Ukraine has received $1 billion from the U.S., funded by revenues from frozen Russian assets. This is the first tranche of a planned $20 billion that the United States is ready to allocate through the use of immobilized Russian assets under the G7 initiative. We thank our American partners and the World Bank for this significant step towards justice. We expect that all sovereign Russian assets will be confiscated and directed towards the reconstruction of Ukraine,” Shmyhal informed.

Earlier, Shmyhal stated that we proposed to combine frozen assets and EU funds into a long-term recovery plan for the country. This will enable European companies to participate in the restoration on mutually beneficial terms.