Yellen Says Biden Administration Will Fight To Ensure 'Robust' U.S. Support For Ukraine Is Not Interrupted; Applauds Eu Plan For €50B Ukraine Facility, Says Economic Aid To Ukraine Should Have Maximum Concessionally
Portfolio Pulse from Benzinga Newsdesk
US Treasury Secretary Janet Yellen has stated that the Biden administration will ensure 'robust' support for Ukraine is not interrupted. She also applauded the EU's plan for a €50B Ukraine facility, emphasizing that economic aid to Ukraine should be as concessionary as possible.
October 16, 2023 | 12:22 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be indirectly affected by this news due to the potential impact on the overall US economy and foreign policy.
While the SPY ETF is not directly linked to Ukraine, the Biden administration's commitment to support Ukraine could have broader implications for the US economy and foreign policy, which could indirectly affect the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The VGK ETF, which tracks European stocks, may be impacted by this news due to the potential effects on the European economy and the EU's plan for a €50B Ukraine facility.
The VGK ETF, which tracks European stocks, could be affected by the EU's plan for a €50B Ukraine facility. This could have implications for the European economy and, by extension, the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70