U.S. loan guarantees to help back aid with interest generated by seized assets. 10-year deal commits US to Ukraine security - but is just 'executive agreement'A new deal backed by up to $50 billion in U.S. loan guarantees will bolster Ukraine's defense for a long war against Russia and signal to Vladimir Putin that allies are committed for the long haul despite its battlefield gains, President Biden said.
But even Biden isn't proclaiming an entirely done deal. He said the G7 leaders 'signed a plan to finalize and unlock' the proceeds. His aides also declined to specify exactly how much the U.S. would lend, and how much allies would kick in and even which allies were involved. The White House is touting a 10-year deal for the U.s. to provide security support for Ukraine. But it is an 'executive agreement' that the administration admits would not have to remain in force should Biden be succeeded by another president
'Think of it as a secured loan,' said the official. Iran is among nations that have sued at the UN to try to claw back seized assets and accumulated interest. A senior administration official on Friday defended the deal when asked specifically if it would remain in force if there were 'a different president in place' – meaning Trump.