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Ending war, “the single, best thing we can do for the global economy,” US Treasury Secretary

Janet Yellen
Ukraine’s President Volodymyr Zelenskyy and US Secretary of the Treasure Janet Yellen during their meeting in Kyiv on 27 February 2023. Credit: Ukraine’s President Office.

US Secretary of the Treasury, Janet Yellen, highlighted the US’s unwavering support for Ukraine during a press conference in Gandhinagar, India, July 16. Speaking about the ongoing war, Yellen reaffirmed the coalition’s commitment to standing with Ukraine, “for as long as it takes.”

“Another key priority this week is to redouble our support for Ukraine as it continues to defend itself against Russia’s illegal and unprovoked attack. My visit to Kyiv earlier this year still deeply moves me to this day. Seeing the bravery and resilience of the Ukrainian people up close impacted me personally. During the trip, I also saw the massive difference that foreign assistance is making to the lives of Ukrainian civilians and the Ukrainian military’s front lines. As I’ve said, ending this war is first and foremost a moral imperative. But it’s also the single, best thing we can do for the global economy,” she said.

In her closing remarks, Yellen stressed the US’s commitment to continue cutting off Russia’s access to military equipment and technology needed to wage war against Ukraine. A core goal for the coalition this year, she noted, is to combat Russia’s efforts to evade sanctions.

“Let me be clear, our coalition’s support for Ukraine is unequivocal. The United States will stand with Ukraine for as long as it takes. And I know the allies and partners in our coalition will do so as well. Budgetary support is critical to Ukraine’s resistance. And the United States is proud to be part of a broad coalition that has provided such support to Ukraine. By helping keep the economy and the government running, we are giving Ukraine the support it needs so it can fight for freedom and its sovereignty.

We will also continue to cut off Russia’s access to the military equipment and technologies that it needs to wage war against Ukraine. One of our core goals this year is to combat Russia’s efforts to evade our sanctions. Our coalition is building on the actions we’ve taken in recent months to crack down on these efforts.”

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