The United States will provide Ukraine with $15 billion, backed by future revenues from frozen Russian assets, Ukrainian Prime Minister Denys Shmyhal announced on Dec. 30.

The agreement was signed between Ukraine’s Finance Ministry and the World Bank, Shmyhal said.

“These funds are part of the PEACE in Ukraine project and represent a portion of the $20 billion U.S. contribution under the G7 initiative, which will be allocated to social and humanitarian expenditures,” Shmyhal wrote on Telegram.

“We thank the United States and the World Bank for implementing and supporting this initiative, which forces Russia to pay for its aggression against Ukraine,” he added/