Bank Of Baku

Yellen says G7 can reach deal on $50 bln Ukraine loan by October

U.S. Treasury Secretary Janet Yellen

© APA | U.S. Treasury Secretary Janet Yellen

# 26 July 2024 22:59 (UTC +04:00)

U.S. Treasury Secretary Janet Yellen told Reuters on Friday that "things look good" for Group of Seven wealthy democracies to agree the terms of a $50 billion loan to Ukraine backed by Russian assets by October, APA reports.

Yellen said in an interview on the sidelines of a G20 finance leaders meeting in Brazil that talks to advance the loan were constructive, including over U.S. demands for reassurances that the assets would stay frozen for a longer period of time.

"We've had constructive conversations here. And we're working closely together to try to move this forward," Yellen said. "I think things look good in terms of getting to a place where we can get this done probably by October."

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