G7 Nations Could Support Ukraine with $50 Billion Loans Linked to Seized Russian Assets

U.S. Treasury Secretary Janet Yellen indicated that Group of Seven nations might lend Ukraine up to $50 billion, utilizing assets seized from Russia. Yellen emphasized the importance of G7 unity in generating meaningful support for Ukraine, given its substantial needs over the coming years.

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."

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."