Trump may unravel fresh loan to Kiev by lifting sanctions on frozen Russian assets — NYT
The move would not affect the European portion of the loan
NEW YORK, December 11. /TASS/. US President-elect Donald Trump may try to reverse the sanctions under which Russia’s central bank assets were frozen to unravel the latest loan to Ukraine transferred by the Biden administration, The New York Times (NYT) reported.
Earlier, the US Department of Treasury announced a $20 billion loan to Ukraine that will be repaid using interest earned from the frozen Russian assets.
According to the newspaper, the initiative would probably find opposition from Republicans. Moreover, the move would not affect the European portion of the loan, the NYT added.
By transferring the loan, the Biden administration seeks to ensure that Ukraine would continue to have "economic resources" even after Trump returns to office, the NYT wrote.
Meanwhile, Euroclear CEO Valerie Urbain warned, in an interview with Bloomberg, of liability risk in a confiscation of Russian assets for the clearinghouse itself and for Europe’s financial stability.