The completion of an international debt-raising effort backed by frozen Russian assets to support Ukraine is to be announced this Friday, the US ambassador to the EU has said. Ambassador Mark Gitenstein told the US-Ireland Economic Summit in Dublin on Thursday that the collateralisation of sanctioned property to secure Ukrainian loans was in response to Russia’s attempts to destroy the country’s economy and to restrictions on the seizure of assets located in the EU. Gitenstein referred to Ukrainian military setbacks at the start of this year, saying this was because “they were starved of cash”. Although the US Congress eventually…
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