U.S. Treasury’s Yellen welcomes Ukraine debt freeze, calls on creditors to join

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday mentioned she welcomed a choice to droop Ukraine’s debt service obligations by a bunch of six creditor nations, together with the US, and urged different official and personal collectors to affix the trouble.

The creditor group saying its intent https://dwelling.treasury.gov/information/press-releases/jy0883 contains Canada, France, Germany, Japan, the UK and the US.

“I reiterate the decision to all different bilateral official and personal collectors to affix this initiative and help Ukraine because it defends itself from Russia’s unprovoked and brutal struggle, which has had a devastating affect on Ukraine’s folks and financial system, with spillover results all through the world,” Yellen mentioned in a press release.

(Reporting by David Lawder; Modifying by Mark Porter)