US Treasury Secy Yellen calls on allies to step up funding for Ukraine
US Treasury Secretary Janet Yellen, on Tuesday, asked the ally countries to step up financial support for Ukraine, saying that the funds announced so far would not be sufficient for Kyiv’s short-term needs as it battles a Russian invasion
By Arghyadeep Dutta
Published - May 17, 2022, 03:28 PM ET
Last Updated - Feb 28, 2024, 07:22 AM EST
• ‘Ukraine’s immediate financing needs are significant’, Yellen says
• Kyiv needs $5 billion to $7 billion a month to fill a budget gap and meet the basic needs
US Treasury Secretary Janet Yellen, on Tuesday, asked the ally countries to step up financial support for Ukraine, saying that the funds announced so far would not be sufficient for Kyiv’s short-term needs as it battles a Russian invasion.
In remarks prepared for the Brussels Economic Forum, Yellen said that although the war-battered country’s government continued to function due to the ingenuity and bravery of its officials, “Ukraine’s immediate financing needs are significant.”
