Categories: U.S. Treasury

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Call with Minister of Finance Sergii Marchenko of Ukraine

WASHINGTON – Today, U.S. Deputy Secretary of the Treasury Wally Adeyemo held a virtual call with Ukrainian Minister of Finance Sergii Marchenko. Deputy Secretary Adeyemo reaffirmed the Administration’s unwavering support for Ukraine in its fight to defend itself against Russia’s illegal and unprovoked war and preserve its freedom, sovereignty, and territorial integrity. The Deputy Secretary commended Ukraine’s efforts to raise domestic revenues and committed that the international community would continue to stand with them. The Deputy Secretary and Minister discussed efforts by the United States and G7 partners to operationalize the G7 Leaders’ Apulia commitment to implement Extraordinary Revenue Acceleration (ERA) Loans for Ukraine, including important work by the European Union and the European Commission on the immobilization regime for Russian sovereign assets.  Unlocking the value of these assets would make available approximately $50 billion in additional funding before the end of the year to support Ukraine’s current and future needs. The Deputy Secretary and Minister also discussed Ukraine’s continued progress on reforms that will further increase Ukraine’s economic resilience and improve governance and the recent disbursement of U.S. direct budget support for Ukraine.

###

IR Press

Share
Published by
IR Press

Recent Posts

OCC Announces Enforcement Actions for November 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

2 days ago

Remarks by Secretary of the Treasury Janet L. Yellen on the 30th Anniversary of the Community Development Financial Institution Fund

As Prepared for Delivery Good afternoon. It’s an honor to welcome President Clinton to Treasury today…

2 days ago

Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System

Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…

2 days ago

Acting Comptroller Testifies on State of the Federal Banking System

WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…

3 days ago

Remarks by Assistant Secretary for International Finance Brent Neiman on the U.S. Cross-Border Payments Agenda

As Prepared for Delivery Thank you very much for the opportunity to be here today, and…

4 days ago