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Bloomberg Television

Yellen says US aims to contribute $20 billion for Ukraine loan #shorts #politics 😛

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we’re very close to finalizing Americans America’s portion of this $50 billion loan package and what I want to emphasize is that um the source of financing for these loans this is not the American taxpayer What’s Happening Here is that Russia is paying for this support the 50 billion of support that we intend to go to Ukraine by the end of this year um it is the income on the assets that have been immobilized um Russian Sovereign assets that have been immobilized um in Euro clear that are the source of repayment and we’ve agreed with Ukraine that even if there is um a a final uh settlement and uh um a truce is reached that it will be Russian funds that will go to repay these loans we expect to be able to um contribute $20 billion uh to the 50 billion G7 package although there’s um just a little bit more work to do to finalize the details

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