Yellen sees no ‘showstoppers’ for G7 Ukraine mortgage backed by Russian asset revenue

Norman Ray

World Courant

U.S. Treasury Secretary Janet Yellen attends an interview with Reuters Editor-in-Chief Alessandra Galloni in Washington, U.S., April 25, 2024.

Evelyn Hockstein | Reuters

US Treasury Secretary Janet Yellen stated on Friday she sees no “showstoppers” in her talks with fellow G7 treasury ministers over an even bigger mortgage to Ukraine backed by income from frozen Russian authorities bonds.

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“I’m hopeful that we are able to broadly agree that it is a idea that we are able to develop additional within the coming weeks and current to leaders for consideration in June.”

G7 leaders will meet subsequent month in Puglia, southern Italy. The group of commercial democracies consists of the US, Japan, Germany, France, Britain and Italy.

Yellen additionally informed Reuters that there are differing views amongst G7 finance ministers on the extent of concern about China’s industrial overcapacity, which she stated threatens the viability of corporations in market-driven economies.

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