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US President Joe Biden's administration is "firmly committed" to seeking more budget support for Ukraine, Treasury Secretary Janet Yellen told key EU officials Wednesday, despite Congress remaining in gridlock.Speaking at the start of a Washington meeting with EU executive vice presidents Margrethe Vestager and Valdis Dombrovskis, she added that Congress must act quickly to reach a deal.
U.S. Treasury Secretary Janet Yellen reiterated in a video call with Ukrainian Prime Minister Denys Shmyhal on Jan. 23 that the Biden administration is committed to securing $11.8 billion in direct budget support to Ukraine as part of the national security supplemental request before Congress.
Should budget support be used more by aid donors? Terence Wood reviews a recent book which makes the case for this tool in the aid toolkit.
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen reassured Ukrainian Prime Minister Denys Shmyhal on Tuesday that the Biden administration was committed to securing $11.8 billion in budget support to Kyiv as part of a supplemental U.S. funding request. The Treasury said in a statement following a virtual meeting between the two officials that Yellen "underscored the importance of Congress acting on financial support for Ukraine as quickly as possible." The Biden administration's supplemental budget request for another $61 billion for Ukraine, including the budget sup...
Ukraine needs both financial and military support to prevent the government in Kyiv from resorting to "money-printing" to keep the economy afloat. Source: The Guardian, citing the chief economist of the European Bank for Reconstruction and Development (EBRD), Beata Javorcik, in an interview at Davos.