The Secretary of the US Treasury several times a week called on European officials to accelerate the transfer of money to Ukraine and increase their amount.
Tensions are growing between the United States and its allies in the European Union over the deterioration of the Ukrainian economy. The Americans called on the EU to increase financial aid to Kyiv. About this on Saturday, October 15, The Washington Post wrote, citing its own sources.
It was noted that several times this week during meetings of global financial leaders in Washington, US Treasury Secretary Janet Yellen called on her international partners to increase both the speed and the amount of money sent to Ukraine.
Yellen also raised the issue at a private meeting this week at the International Monetary Fund with European Commission Executive Vice President Valdis Dombrovskis and Economic Commissioner Paolo Gentiloni, as well as at a subsequent meeting of all EU finance ministers, the source said.
Ukraine’s economy will contract 35% this year, according to new World Bank forecasts last week, and Ukrainian officials say inflation could hit 40% early next year, near in what economists call “hyperinflation.”
“We call on our partners and allies to join us by quickly fulfilling our current commitments to Ukraine and doing more – both to help Ukraine continue to deliver essential public services and to help Ukraine to start building and rebuilding,” Yellen said Tuesday.
On Wednesday, Yellen reiterated the need to quickly provide direct cash payments — not loans that have to be repaid — to help the nation’s economy. As the Washington Post notes, Yellen’s comments were a thinly veiled reference to the European Union, which has provided almost all of its aid in the form of loans.
“The European Union accepts millions of refugees from Ukraine and takes care of them on the territory of the EU. All this must be taken into account when discussing the total amount of support and aid,” a European official told the publication in conditionally anonymous. .
“In addition, the EU has accepted long-term obligations for the post-war reconstruction of Ukraine. For us, this is not a race or a beauty contest. Helping Ukraine is in our vital interests,” he said, adding that The EU is determined to do everything possible to help defeat the aggressor and restore Ukraine.
Remember that a few days before, US President Joe Biden announced the provision of military aid to Ukraine in the amount of 725 million dollars.
As reported, at the beginning of the week, European Commissioner for Budget and Administration Johannes Hahn said that the EU’s aid to Ukraine is currently far from sufficient.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.