The funds are to come from interest garnered by Russian assets immobilized in the West, a move that Moscow calls illegal
Washington is behind a delay in finalizing a G7 plan to grant Kiev a $50 billion loan financed by frozen Russian assets, Euractiv reported on Thursday, citing sources close to the discussions.
The EU and the US jointly froze an estimated $300 billion in Russian sovereign assets at the start of the Ukraine conflict in early 2022. Ever since, Western states have been mulling using the funds to aid Ukraine. While they have so far failed to agree on the outright confiscation of the money, the G7 decided in June to provide Ukraine with a $50 billion loan, to be paid back using interest from the frozen Russian funds.
However, according to Euractiv sources, the US has been hindering the process of finalizing the plan due to concerns over repayment, which depends on how permanent the freeze of assets is.
Under EU rules, the bloc renews…