Tags: yellen | ukraine debt freeze | russia war | sanctions

Yellen Welcomes Ukraine Debt Freeze, Calls on Creditors to Join

Yellen Welcomes Ukraine Debt Freeze, Calls on Creditors to Join
U.S. Treasury Secretary Janet Yellen (AP)

Wednesday, 20 July 2022 01:53 PM EDT

U.S. Treasury Secretary Janet Yellen on Wednesday said she welcomed a decision to suspend Ukraine's debt service obligations by a group of six creditor countries, including the United States, and urged other official and private creditors to join the effort.

The creditor group announcing its intent includes Canada, France, Germany, Japan, the United Kingdom and the United States.

"I reiterate the call to all other bilateral official and private creditors to join this initiative and assist Ukraine as it defends itself from Russia’s unprovoked and brutal war, which has had a devastating impact on Ukraine’s people and economy, with spillover effects throughout the world," Yellen said in a statement.

© 2024 Thomson/Reuters. All rights reserved.


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U.S. Treasury Secretary Janet Yellen on Wednesday said she welcomed a decision to suspend Ukraine's debt service obligations by a group of six creditor countries, including the United States, and urged other official and private creditors to join the effort.
yellen, ukraine debt freeze, russia war, sanctions
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2022-53-20
Wednesday, 20 July 2022 01:53 PM
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