US Secretary of the Treasury Janet L. Yellen noted on February 27, 2023, that the US government transferred the first tranche of direct budget aid to Ukraine worth $1.2 billion.
Source: The US Secretary of the Treasury Janet L. Yellen
“The United States has provided $13 billion in economic assistance to Ukraine. Today, I am proud to announce the transfer of an additional amount of over $1.2 billion. That’s the first tranche of about $10 billion in direct budget support that the United States will provide in the coming months,” said the US Secretary of the Treasury.
According to Janet Yellen, US economic support is helping the Ukrainian government and critical service providers function under extraordinary circumstances.
“Just as security assistance bolsters the front lines, I believe that this economic assistance is fortifying the home front – thereby strengthening Ukraine’s resistance,” added the US Secretary of the Treasury.
The US government plans to transfer $9.9 billion in budget support to Ukraine in the coming months. This aid was previously approved by Congress.
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