Yellen: The West plans to give Ukraine a loan using Russian funds
Western countries are considering the possibility of providing Ukraine with a loan that will be repaid using income from frozen Russian assets. US Treasury Secretary Janet Yellen informed about this, writes TASS.
“We are discussing the possibility of providing Ukraine with a loan from the Group of Seven, as well as the possibility of using the profits [с замороженных активов РФ] to repay the loans that will be provided,” she noted.
Yellen said there is significant support for this approach. The initiative is planned to be finalized and presented to leaders at the upcoming G7 meeting.
The United States is now coordinating with allies and partners ways to use Russian assets to provide assistance to Kyiv.
Earlier it became known that the heads of the Ministries of Finance of the European Union countries, at the proposal of the G7, on June 5 will discuss the use of frozen assets of the Bank of Russia to help Ukraine.
Earlier, German Chancellor Olaf Scholz called on Western countries to provide financial assistance to Ukraine, giving it access to income from frozen Russian assets. He noted that in this case, Kyiv will be able to reliably ensure its defense and increase the security of all of Europe.
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