WASHINGTON (AP), – As Ukraine evades Russian invasion, a Treasury official announced that the U.S. would provide $ 500 million more in financial assistance to Ukraine. This will help maintain its salaries, pensions, and other government programs.
The official could not speak publicly before Thursday’s announcement. On Thursday, Janet Yellen, Finance Secretary, is due to meet with Denis Shmiel, the Ukrainian Prime Minister, and Wally Edimo, Deputy Foreign Minister, and Sri Marchenko, Ukrainian Finance Minister.
This funding will be in addition to the $ 500,000,000 in financial aid that President Joe Biden revealed in March.
This announcement came amid a spring meeting between the International Monetary Fund, and the World Bank. They are currently dominated discussions about how to manage the tsunami from the Russian War in Ukraine.
On Wednesday, the Ministry of Finance issued a new set of sanctions against Russia. These sanctions include sanctions against more than 40 people or entities that are accused of evading the sanctions. These sanctions include the first penalty against a cryptocurrency mining firm in connection to the war.
Yellen and the Ukraine’s finance minister were also present at a 20-member group meeting on Wednesday, when Russia’s representative started speaking.
According to an official who was familiar with the meeting, several central bank governors and finance ministers left the room. The incident was not made public.
The man stated that several ministers and central bank governors were almost unable to turn off their cameras as Russian President Vladimir Putin spoke.
Yellen had planned to hold a press conference at the Ministry of Finance on Thursday afternoon.
Each year, the International Monetary Fund holds spring meetings. These meetings bring together finance leaders to discuss the most pressing problems facing the world.
