Treasury Boss Janet Yellen Makes Surprise Visit To Ukraine
Treasury Secretary Janet Yellen A surprise visit was made to Ukraine Support the nation’s efforts Monday War Russia, and the United States’ extensive financial assistance packages.
This senior official’s mission is one week after President Joe Biden Walk In Kyiv, President Volodymyr Zelensky of Ukraine visited the streets. Lily Adams, spokesperson for the Treasury Department Yellen visited the country. “discuss critical economic assistance and our efforts to hold Russia accountable for their illegal and brutal war.”
According to the Treasury Department. Yellen met Zelensky to discuss the United States’ sanctions against Russia, its allies and reforms meant to combat rampant corruption in Ukraine. Also, a $9.9 Billion assistance package was intended to aid the operations of the national government.
“Over the past year, Ukraine has been writing the next chapter of its history with its heroic fight for freedom. Today, I am witnessing firsthand the devastating toll of Putin’s brutal war,” Yellen commented on the occasion of a wreath-laying event in Kyiv. “We have pledged to do our part to support the Ukrainian people, not only with words, but with actions. We will continue to work with our international coalition to provide military, economic, and humanitarian assistance to Ukraine. And we will continue to impose severe costs on the Kremlin for its illegal war. As President Biden has said, we will stand by Ukraine for as long as it takes.”
According to a report, the Biden administration has sent Ukraine $24.2 billion in military aid over the past one year. Report From the Defense Department. According to an analysis, the federal government also has provided $15.1 billion in budgetary assistance and $9.9 billion in humanitarian relief. Analysis The Council on Foreign Relations receives a sum far greater than the assistance provided by member states and institutions of the European Union.
According to another report, the United States provided more than $113 billion combined in humanitarian and military aid for Ukraine last year. Analysis The Committee for a Responsible Federal Budget.
Yellen was a contestant in opinion piece For the New York Times, she corresponded with the American Embassy regarding her visit. “crucial” to the Ukrainian war effort.
“We’re proud to be Ukraine’s largest bilateral donor, and just as proud to be joined by an international coalition of supporters, including the European Union and other members of the Group of 7,” She wrote. “Our assistance has received broad bipartisan backing, and we’ve made sure to deploy these funds with accountability and transparency.”
Some legislators are able to do this. questioned The White House’s focus on the Ukraine conflict is amidst a host domestic problems, including record inflation and an unsustainable national debt of $31.5 trillion. Biden was recently criticized over his clandestine travel to an eastern European country. An announcement That he wouldn’t visit East Palestine in Ohio, where residents are suffering from the effects of a train crash and subsequent chemical spillout.
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Private companies in the United States have been trying to restructure their operations, including BlackRock Asset Management and JPMorgan Chase Investment Bank. Coordinate Reconstruction funds for Ukraine “We are proud of our long-standing support of Ukraine and committed to doing our part to lift up the country and its people,” Jamie Dimon, CEO of JPMorgan Chase, stated earlier this month that the company’s “full resources” They are available to all citizens.
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