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International Business Times
International Business Times
World
Beiyi SEOW

US Plans To Contribute $20 Bn For Ukraine Loan: Yellen

US Treasury Secretary Janet Yellen says a loan package is being finalized for Ukraine (Credit: AFP)

The United States plans to contribute $20 billion to a G7 loan package for Ukraine and could soon announce new sanctions targeting Russian weapons procurement, Treasury Secretary Janet Yellen said Tuesday.

"We're very close to finalizing America's portion of this $50 billion loan package," she told a press conference, as world financial leaders gather in Washington this week for the annual meetings of the International Monetary Fund and World Bank.

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