U.S. Treasury Secretary Janet Yellen expressed hope that the G7 countries' decision to provide loans to Ukraine using frozen Russian assets will remain in effect after the inauguration of elected President Donald Trump.
"We have already allocated $20 billion, which is the U.S. contribution to this loan package. (...) I am confident that the decision to provide loans to Ukraine can remain in place under the new administration," Yellen stated in an interview with Bloomberg TV on Wednesday, responding to a journalist's question.
Recently, the U.S. Treasury announced its decision to allocate a $20 billion loan to Ukraine, which will be repaid with revenues from frozen Russian assets.
In June, G7 leaders reached a political agreement in Italy regarding the use of revenues from frozen Russian assets to assist Ukraine. The discussion included providing Kyiv with loans totaling $50 billion by the end of this year.