Yellen sees 'possibility' of $50 billion Ukraine loan from seized Russian assets - Sky News

FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks at the Center for Strategic and International Studies in Washington

FILE PHOTO: U.S. Treasury Secretary Janet Yellen delivers remarks on "Next Steps in the Evolution of Development Finance" at a Center for Strategic and International Studies (CSIS) in Washington, U.S., February 9, 2023. REUTERS/Leah Millis/File Photo

Source: REUTERS

U.S. Treasury Secretary Janet Yellen said there was a possibility Group of Seven nations would support Ukraine by as much as $50 billion using loans linked to seized Russian assets, Sky News reported on Tuesday.

"I believe it's important for the G7 to work together to show a united front and to show that we can generate meaningful resources to support Ukraine over the next several years," she told Sky News.

"While America stands behind Ukraine and I expect Congress, if necessary, will pass future packages, Ukraine has substantial needs and being able to marshal significant resources to help Ukraine is important."

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Asked if it might be possible to provide a loan of around $40 billion to $50 billion, she said: "Yes, I think that's a possibility."

This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters