US' Yellen-Additional USD10bn To Ukraine; Will Call For More G20 Support

Wires carrying comments from US Treasury Secretary Janet Yellen, speaking ahead of the G20 finance ministers and central bank governors meeting in Bangalore, India. Yellen states that the US will provide USD10bn in new economic aid to Ukraine in the coming months. Yellen: 'Economic aid from the US and allies is enabling Ukraine's resistance by keeping gov't running, funding critical public services.' Yellen states that sanctions imposed with Western allies are isolating Russia's economy and degrading its productive capacity.'

• Yellen says It is critical that the IMF move swiftly in a fully financed programme for Ukraine. Says that the US will promote 'continued robust support' for Ukraine at G20 meetings.
• Says that the global economic outlook has improved since the last G20 meetings in October, some spillovers from the Ukraine war have been mitigated.
• Yellen: 'Western price caps on Russian oil have helped cut Moscow's oil revenue by 60%.'
• States that the US will continue to push China, other bilateral creditors for 'meaningful debt treatment' for distressed developing countries.