Yellen says Ukraine loan plan has support, more work needed

STRESA, Italy, May 25 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Saturday that a loan for Ukraine backed by the income from frozen Russian sovereign assets is the main option for G7 leaders to consider in June, but added that she doesn’t want to “take anything off the table as a future possibility.”

Yellen told reporters at the end of a G7 finance meeting in northern Italy that the plan has broad support but there is “quite a bit of work to be done” to make it a reality. The 27-member European Union also needs to endorse it, she said.