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Janet Yellen, the US Treasury Secretary, has warned that the US will be responsible for Ukraine’s defeat if Congress fails to approve the Biden administration’s funding request for the country. Yellen emphasized that the funding is essential for Ukraine’s general government budget support and to maintain International Monetary Fund assistance. She urged Congress to act swiftly to avoid dire consequences.
US Treasury’s Janet Yellen said on Tuesday that the United States would “be responsible for Ukraine’s defeat” if the US Congress fails to approve the Biden administration’s latest multi-billion-dollar funding request for the war-torn country.
Yellen told reporters on a trip to Mexico City that the funding – particularly for Ukraine’s general government budget support – was “utterly essential” and a pre-condition to keep International Monetary Fund support flowing to Ukraine.
“I’ve talked to members of Congress, my colleagues have. I think they understand this, that this is a dire situation and we can hold ourselves responsible for Ukraine’s defeat if we don’t manage to get this funding to Ukraine that’s needed and I’m including direct budget support here because that’s utterly essential,” Yellen said.
US Treasury Secretary Janet Yellen has warned that the United States will be responsible for Ukraine’s defeat if Congress fails to approve the Biden administration’s funding request for the war-torn country. Yellen emphasized the importance of the funding, particularly for Ukraine’s general government budget support, as it is a pre-condition to keep International Monetary Fund (IMF) support flowing to Ukraine.
During a trip to Mexico City, Yellen stated that the situation in Ukraine is dire and that it is crucial to provide the necessary funding. She acknowledged that she and her colleagues have been in discussions with members of Congress, emphasizing the urgency of the matter.
Yellen’s statement highlights the significance of US support for Ukraine, both financially and politically. The funding request is seen as a critical step in assisting Ukraine in its recovery from the ongoing conflict and ensuring its stability. Without this support, Ukraine’s ability to withstand the challenges it faces would be severely compromised.
The US has been a key ally of Ukraine in its conflict with Russia, providing both financial aid and military assistance. The Biden administration’s funding request seeks to continue this support and maintain Ukraine’s progress towards stability and independence.
Yellen’s warning serves as a reminder of the responsibility that the US has in supporting Ukraine and the potential consequences if this support is not provided. It underscores the importance of international cooperation and assistance in helping war-torn countries rebuild and recover.
As Ukraine continues to navigate the challenges it faces, it is crucial for the international community, including the US Congress, to prioritize the funding request and ensure that Ukraine receives the necessary support to overcome its current difficulties. Failure to do so could have grave implications for the country’s future and could jeopardize the progress made in recent years..
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By REUTERS said Yellen: US would be ‘responsible for Ukraine’s defeat’ if funding fails
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