US Treasury Secretary Janet Yellen officially announced the United States’ intention to provide Ukraine with a loan worth about $20 billion, which will be part of a wider package of support from the G7 countries. About this informs DW.
Yellen made the announcement during a press conference in Washington on October 22, opening the annual meetings of the International Monetary Fund (IMF) and the World Bank. She emphasized that these funds are part of a total aid of 50 billion dollars, which will be financed at the expense of interest income from frozen Russian assets.
The minister noted that the governments of the G7 countries have almost finished agreeing on this aid package. “We are 99% ready, there are a few technical details left,” Yellen explained.
Special emphasis was placed on the fact that this financial support will not be a burden on American taxpayers.
“In fact, Russia pays to support Ukraine“, the minister emphasized.
A final agreement is expected to be reached by the end of the week.
Earlier it was reported that the United States is ready to provide Ukraine with up to 20 billion dollars as part of a loan from the Big Seven, which will be covered by revenues from frozen Russian assets. However, the final agreements had not yet been reached.
In addition, the European Parliament supported the proposal to provide Ukraine with a loan from the European Union in the amount of 35 billion euros. The aid is part of a broader G7 package totaling around $50 billion. However, the final amount from the EU may be lower, depending on contributions from other G7 countries.
