The United States and its allies must pay wages to Ukraine and pay for the restructuring, Treasury Secretary Janet Yellen has announced.
Treasury Secretary Janet Yellen on Tuesday called on U.S. allies to pay wages to Ukraine and rebuild infrastructure in the war-torn country. Considering that billions of dollars of US and European pledges were insufficient to keep Ukraine afloat, Yellen announced that Kiev would eventually be needed. “Massive Support” At the level of post-World War II martial planning.
As US lawmakers prepare to approve a $ 40 billion military and economic aid package for Ukraine and the US government agencies involved, Yellen spoke at the Brussels Economic Forum on Tuesday to persuade European leaders to open their wallets for Kiev.
“I sincerely urge all our partners to join us in increasing their financial support in Ukraine,” He said.
Ukraine needs budget funding to pay for its soldiers, staff and pensioners, as well as to run an economy that meets the basic needs of its citizens.
The EU has promised four consecutive সহায়তা 500 million ($ 520 million) military aid packages to Ukraine since February and an emergency loan of € 1.2 billion ($ 1.26 billion) from January. However, the Ukrainian government has claimed that the country needs about $ 5 billion per month to keep its economy afloat.
“The bilateral and multilateral assistance announced so far will not be enough to meet Ukraine’s needs, even in the short term.” Yellen announces.
EU leaders will meet in Kiev on Wednesday to discuss a new financial aid package. The Guardian reports that the bloc plans to lend to the world market in the form of repayable loans and non-refundable grants to Ukraine. EU officials are also examining the possibility of using the seized assets from Russians and Belarusians approved to finance the aid package.
According to Reuters, the package discussed in Brussels will cover Ukraine for about two months.
Yellen said Ukraine would be needed in the long run “Massive support,” For the United States to rebuild its economy and infrastructure by the standards of the post-World War II Marshall Plan for Europe.
It is unknown at this time what he will do after leaving the post. The bloc’s 27 member states are currently embroiled in skyrocketing inflation and energy spending, partly due to Brussels’ ongoing efforts to reduce energy imports from Russia. Yellen promised that the United States would increase American liquefied natural gas exports to Europe, but that transporting this fuel from the United States to Europe would be more expensive than piping it from Russia.
Russian President Vladimir Putin said on Tuesday that European countries are economically committed “Suicide” The Russians try to free themselves from oil and gas, accusing them of pressure “From their American lord” Except “It’s about focusing on the damage they’ve already done to their own economy.”
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