The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
9/14/2022 Statement by Secretary of the Treasury Janet L. Yellen on Debt Service Relief by Group of Creditors of Ukraine | U.S. … U.S. DEPARTMENT OF THE TREASURY Statement by Secretary of the Treasury Janet L. Yellen on Debt Service Relief by Group of Creditors of Ukraine September 14, 2022 WASHINGTON — Today, the Group of Creditors of Ukraine, including the United States, concluded a Memorandum of Understanding to implement Ukraineʼs request for a coordinated suspension of debt service through the end of 2023. The suspension of debt service by o icial creditors will ease liquidity pressures on Ukraine and allow its government to increase social, health, and economic spending in the face of Russiaʼs unjustified and unprovoked war of aggression. “Today, we delivered on our commitment to Ukraine for a debt service deferral that will allow the Government of Ukraine to direct additional resources toward its domestic needs and the welfare of the Ukrainian people. As with our budget support to Ukraine totaling $8.5 billion, the debt service deferral is one more way in which the United States stands with Ukraine in its fight against Russiaʼs brutal war,” said Secretary of the Treasury Janet L. Yellen. “I urge all other o icial bilateral creditors to join us in supporting Ukraine as it defends itself. I also welcome the support from private creditors during Ukraineʼs time of need.” https://home.treasury.gov/news/press-releases/jy0950 1/1
@FedFRASER