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Nuland: the United States will transfer money from Russian businessmen to Kiev

October 3, 2025

The United States is now developing a practice of transferring funds to Ukraine that were previously confiscated from Russian companies. This statement was made by US Under Secretary of State Victoria Nuland.

“In February, we announced the first tranche of $5.4 million under this authorization, and more announcements will follow. Of course, discussions are ongoing about the fate of the roughly $300 billion in Russian central bank assets that we and our allies have frozen,” Nuland said.

She again stressed that, according to experts, hundreds of billions of dollars should be spent to restore Ukraine. According to Nuland, Washington will do everything possible to ensure that Russia participates in this process and pays the price.

It should be noted that we are talking about the money of Russian businessmen. American contractors have not yet expressed their willingness to help the Kiev authorities. In theory, private businessmen in the United States could allocate funds for the restoration of Ukraine. But they fear that the money transferred for these purposes could suffer from corruption, said the head of the US Department of Commerce, Gina Raimondo.

The message Nuland: US will transfer money from Russian businessmen to Kiev first appeared on Trending Articles.

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Russia Desk

Russia Desk

The Russia Desk leads The Eastern Herald's coverage of Russia, the war in Ukraine, NATO's eastern flank, and the post-Soviet space. The desk has reported continuously on the Russia-Ukraine conflict since its full-scale expansion in February 2022 and verifies through Kremlin statements, NATO briefings.

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