President Biden reached a deal with G7 leaders in Italy to provide a $50 billion Ukraine loan backed by frozen Russian assets.
Treasury Secretary Janet Yellen said the $50 billion loan to Ukraine agreed to at the G7 meeting is just the beginning of the money that can be unlocked from frozen Russian assets.
Yellen said there are technicalities to figure out about executing and could not provide a concrete timeline for when Ukraine will see the money. Yellen has been actively involved in negotiating the loan. But she said that actually distributing the funds would be complicated. Part of hashing out the details will be figuring out how much money each G7 nation is willing to contribute to the loan.
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