Yellen: U.S. and G7 Allies Near Finalization of $50 Billion Ukraine Loan Backed by Russian Assets

Oct 23, 2024, 05:59 AM

U.S. Treasury Secretary Janet Yellen announced that the United States is very close to finalizing its portion of a $50 billion loan to Ukraine. This loan, which is backed by frozen Russian assets, is part of a broader agreement with G7 allies. Yellen emphasized that there are no significant issues remaining to be resolved regarding the loan. The U.S. and European nations have agreed to move forward with the loan to support Ukraine amid ongoing challenges. Reports from Politico and AP also indicate that the U.S. nears approval of up to $20 billion in the G7 loan for Ukraine.