Categories: U.S. Treasury

Statement by Secretary of the Treasury Janet L. Yellen on the Disbursement of $4.5 billion in Direct Budget Support for Ukraine

WASHINGTON – Secretary of the Treasury Janet L. Yellen issued the following statement on the disbursement of $4.5 billion in direct budget support for Ukraine:

“Today, the United States continued to uphold its unwavering commitment to Ukraine with the mobilization of an additional $4.5 billion in grants for direct budget support.  These funds will begin disbursing in the coming weeks and help the Government of Ukraine defend against Russia’s illegal war by bolstering economic stability and supporting core government services, including wages for hospital workers, government employees, and teachers as well as social assistance for the elderly and vulnerable. Combined with our security assistance and the immense bravery of the Ukrainian people, these funds are a critical tool in Ukraine’s resistance to Putin’s unprovoked invasion.  These disbursements will bring total U.S. direct budget support to Ukraine to $13 billion, all in grants.  We encourage other donors to increase and accelerate their assistance to Ukraine.  In addition to providing economic support, the Treasury Department and U.S. government will continue to use all of our tools, including our historic sanctions coalition, to weaken Putin’s war machine.”

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…

18 hours 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…

1 day 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…

2 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…

3 days ago

Remarks by Assistant Secretary for Investment Security Paul Rosen at the Third Annual CFIUS Conference

As Prepared for Delivery Good afternoon.  I’d like to start by thanking our panelists today for…

3 days ago