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The transfer marks the second time the U.S. has sent confiscated Russian money to Ukraine, and the first time such funds have been sent to a foreign ally with the intent of providing aid to Ukraine.
Already this year, Ukraine could receive $4 billion from Russian assets frozen by the EU and the Group of Seven (G7) countries, Deputy Justice Minister Iryna Mudra told Forbes Ukraine in an interview published on Feb. 14.
The European Union has agreed to set aside billions of euros of profits from frozen Russian Central Bank assets, paving the way to allow the profits to be transferred to Ukraine, the Financial Times reported on Jan. 29, citing a draft text.
European officials believe it is unlikely that the EU will seize Russian central bank assets, partly due to the legal risks, Reuters reported on Jan. 23.
European Union foreign ministers have reached a political agreement to finalize the work on transferring revenues from frozen Russian assets to Ukraine based on the proposal suggested in December, EU's top diplomat Josep Borrell said on Jan. 22.