US to provide $10 billion aid to Ukraine in coming days, says Treasury Secretary Janet Yellen

Ahead of the first G-20 Finance Ministers and Central Bank Governors’ Meet, Janet Yellen met Union Finance Minister Nirmala Sitharaman and discussed strengthening global debt vulnerabilities, multilateral banks, crypto assets and health.

Caption U.S. Treasury Secretary Janet Yellen speaks during a news conference as G20 finance leaders gather on the outskirts of Bengaluru . (PTI)

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The US will provide additional economic assistance of $10 billion to Ukraine in the coming days, US Treasury Secretary Janet Yellen said Thursday.

At a media briefing held on the sidelines of the first G-20 Finance Ministers and Central Bank Governors’ (FMCBG) Meet, she said that the United States had already provided 46 billion dollars in security, economic and humanitarian aid.

“Our economic assistance is making the resistance possible, funding key public services and is keeping the (Ukrainian) government running,” she said, noting that February 24 would mark one year of Russia’s “unjust war” on Ukraine. Continued robust support for Ukraine will be a major topic of discussion during her time in India, she added.

Ahead of the first FMCBG meeting, Yellen met Union Finance Minister Nirmala Sitharaman. According to the ministry, the two leaders discussed perspectives on strengthening global debt vulnerabilities, multilateral banks, crypto assets and health. The Just Energy Transition Partnership and possible takeaways for the two sides from the meeting were also discussed.

“Both sides agreed that lessons learnt from the Covid-19 pandemic should not be lost sight of and there is a need for enhancing preparedness for future pandemic type shocks,” the ministry said.

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