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Shouldn't this have resolved YES in October? What am I missing?

USA Today

@Sketchy The loan hasn't gone into force yet https://g7.utoronto.ca/finance/241025-finance-era.html

"Each bilateral loan will enter into force no later than 30 June 2025. Bilateral loans will be fully disbursed to the benefit of Ukraine between 1 December 2024 and 31 December 2027, in instalments that will reflect Ukraine’s urgent financing needs."

@vernalpool Makes sense. I found a recent statement by Blinken that they’re still finalizing it.

@BTE I believe it should resolve NO? Because the US Treasury stated that its contributions are to the World Bank FORTIS Ukraine FIF, which provides grants to finance non-military projects.

On 10 December 2024, the US transferred $20 billion funded by Immobilized Russian sovereign assets to the World Bank FORTIS Ukraine FIF.

Today, the United States followed through on its October commitment to provide Ukraine with $20 billion under this initiative, by transferring these funds to the World Bank’s Facilitation of Resources to Invest in Strengthening Ukraine Financial Intermediary Fund (F.O.R.T.I.S. Ukraine FIF), through which they will be made available to Ukraine.

$20 billion is the full amount of the US's contributions under the 25 October 2024 Extraordinary Revenue Acceleration (ERA) Loan initiative annex (via Japan's Ministry of Foreign Affairs).

@Sketchy Do you want to mod-resolve this question? It's been over 48 hours since the above ping, and @BTE is 26 days inactive.

@puffymist I’m not a mod (partner != mod) but @mods could do it!

Bipartisan legislation would allow $5-8B of Russian assets to be seized by the US and used to fund Ukraine weapons purchases.

Seems undervalued. The legal structure appears clear - Ukraine sells its reparations claims to the west, who then realises them by seizing Russian assets. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4733340