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Posted On

27
February
2023

Since start of the full-scale war, U.S. aid to Ukraine in various areas amounts to about $50 bln – Treasury Secretary Yellen

KYIV. Feb 27 (Interfax-Ukraine) – Since the beginning of the full-scale war, U.S. assistance to Ukraine in the field of security, economy, humanitarian and social support has amounted to about $50 billion, Treasury Secretary Janet Yellen said.

Yellen said at a joint briefing with Ukrainian Prime Minister Denys Shmyhal on Monday in Kyiv that since the beginning of this unprovoked aggression, the United States had been one of the biggest donors bilaterally supporting Ukraine’s resilience. Now it can be said that in the field of security, economy, humanitarian and social support, they have already provided about $50 billion to support our country.

In particular, according to her, $14 billion has already been provided to support the economic resilience of Ukraine, and in the near future it is planned to provide another $8 billion to support in this area (out of the already announced $9.9 billion).

Yellen emphasized that they applaud the efforts that President Zelenskyy is making to ensure accountability and effective management of the financial resources that Ukraine receives from donors, so that the international support that comes to the country is transparent, and we all know where the funds are spent.

In turn, Shmyhal noted that in 2022 the United States was the leader among partner countries in terms of the level of financial assistance provided.

According to the prime minister, the United States has committed itself to allocate more than $10 billion to Ukraine by September, and has already begun this process.

In addition, the United States has already committed $1.5 billion as part of the rapid recovery, as well as $1.1 billion to support energy recovery in Ukraine and Moldova.

Among other things, according to Shmyhal, during the meeting, the parties discussed sanctions pressure on Russia, military risk insurance in Ukraine, and the confiscation of frozen Russian assets.