Kyiv: The G7 countries have provided loans worth $25.5 billion to Ukraine in 2025, from the proceeds of frozen Russian assets.
According to Yemen News Agency, the G7 countries agreed last year to provide Kyiv with a $50 billion loan, financed from the proceeds of frozen Russian assets, as reported by the Ukrainian Ministry of Finance and the European Commission.
The agency stated that "as of October 1, the G7 countries have already allocated $26.5 billion to Ukraine under this program." The United States was the first to transfer the funds at the end of last year, amounting to $1 billion, but no further disbursements have been reported since then. The remaining participants began contributing this year, with the European Union contributing the largest amount at $15.8 billion, followed by Canada with $3.4 billion, Japan with $3.3 billion, and the United Kingdom with $3 billion.
Funding for Ukraine under the G7 loan program represents three-quarters of the total financial aid allocated by the West to Ukraine's budget this year. Additional funding was provided by the European Union ($7.33 billion), Japan ($191 million), the International Monetary Fund ($912 million), and the World Bank ($74 million).
After the outbreak of the war in Ukraine, Western countries imposed sanctions against the Central Bank of Russia, freezing its reserves. However, the exact amount of frozen funds is unknown. In early 2022, the Central Bank of Russia reported that nearly half of its $630.6 billion in assets were held in major reserve currencies. In response, Russia barred "hostile" investors from withdrawing their assets. The proceeds from these assets are held in special accounts and may only be withdrawn by decision of a special government committee.