The United States will provide Ukraine with $15 billion secured by future income from frozen Russian assets, Ukrainian Prime Minister Denys Shmyhal said.

"The corresponding agreement was signed by the Ukrainian Ministry of Finance and the World Bank. These will be funds within the PEACE in Ukraine project and part of the U.S. contribution in the amount of $20 billion under the G7 initiative, which will be directed to social and humanitarian expenses," Shmyhal wrote on his Telegram channel on Monday.

The prime minister thanked the United States and the World Bank for implementing and supporting the initiative, which "forces Russia to pay for aggression against Ukraine."