U.S. Treasury Secretary Janet Yellen on Thursday called for increased financial support for Ukraine to help the war torn nation in its fight against Vladimir Putin.
What Happened: Yellen, who is currently in India for the G20 finance chiefs meeting, at a news conference, said the International Monetary Fund, or IMF, should “move swiftly” towards a fully financed loan programme for Ukraine.
“As President Biden has said, we will stand with Ukraine in its fight — for as long as it takes,” Yellen said, adding, “Continued, robust support for Ukraine will be a major topic of discussion during my time here in India.”
See Also: Xi Jinping Planning To Meet Putin In April To Broker Peace Talks With Ukraine: WSJ
The comments from Yellen came as Ukraine Prime Minister Denys Shmyhal said Kyiv is rooting for a $15 billion multi-year IMF programme, after meeting IMF Managing Director Kristalina Georgieva.
The Treasury chief said Washington's military, economic and humanitarian aid totaling $46 billion has allowed Ukrainian President Volodymyr Zelenskyy to preserve Ukraine's economic and financial stability under “extraordinary circumstances.”
“Our economic assistance is making Ukraine's resistance possible by supporting the home front: funding critical public services and helping keep the government running. In the coming months, we expect to provide around $10 billion in additional economic support for Ukraine,” Yellen said.
Meanwhile, President Joe Biden said Putin calling off participation in a nuclear arms treaty is not a signal of his Russian counterpart considering using nuclear weapons in Ukraine.
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