US Treasury Secretary Janet Yellen noted on October 11, 2022, that Washington intended to allocate $4.5 billion in direct budget support to Ukraine in the form of a grant in the coming weeks. Congress approved the corresponding funding two weeks ago.
Source: US Treasury Secretary Janet Yellen
“We’re committed to getting this funding to you as soon as possible because we know how important it is in supporting your brave resistance to Russia’s illegal invasion.”
In addition, the minister called on partners and allies to fulfil their commitments to support Ukraine as soon as possible and to join the United States in doing more, as Russia continues its aggression.
“But let me be clear: international support for Ukraine is a collective effort. We are calling on our partners and allies to join us by swiftly disbursing their existing commitments to Ukraine and by stepping up in doing more – both to help Ukraine continue its essential government services and to help Ukraine begin to build and recover.”
It should be noted that Ukraine needs $5 billion every month to cover budget expenses, including pensions, military expenses and debt service.
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