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‘We’re not about to fold’: Janet Yellen says efforts are underway to package a $50 billion loan to Ukraine using frozen Russian funds

‘We’re not about to fold’: Janet Yellen says efforts are underway to package a $50 billion loan to Ukraine using frozen Russian funds

The US and its allies are getting serious about a plan to finance Ukraine using interest earned on Russia's frozen assets. Under the idea, these profits would be bundled together into a sizable loan, a possible means of survival for Kyiv."Showing that we do have the means of translating earnings on the frozen assets into a stream of support for Ukraine, I think, is an important way to demonstrate that we're not about to fold," Treasury Secretary Janet Yellen told The New York Times. "We're going to be able to help Ukraine."Though not the only option available, it's the most…
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