"This is what will really support us. And it is important to implement it this year, " Zelensky said, thanking the U.S. and the entire G7.Daleep Singh, the White House deputy national security adviser on international economics, said that Joe Biden's administration intends to split the funds between helping the Ukrainian economy and the military, according to the Associated Press (AP)."To be clear, nothing like this has ever been done before," Singh said."Never before has a multilateral coalition frozen the assets of an aggressor country and then harnessed the value of those assets to fund the defense of the aggrieved party, all while respecting the rule of law and maintaining solidarity."Prime Minister Denys Shmyhal said that the funds from Western partners under this initiative will meet Ukraine's most important financial needs in 2025.

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