“Janet Yellen Warns of US Responsibility for Ukraine’s Defeat Without Funding Approval”
You may also like to watch : Who Is Kamala Harris? Biography - Parents - Husband - Sister - Career - Indian - Jamaican Heritage
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.
You may also like to watch: Is US-NATO Prepared For A Potential Nuclear War With Russia - China And North Korea?
US Treasury Secretary Janet Yellen has warned that the United States could be held responsible for Ukraine’s defeat if the US Congress fails to approve the Biden administration’s latest funding request for the war-torn country. Yellen emphasized the importance of the funding, particularly for Ukraine’s general government budget support, stating that it is “utterly essential” and a precondition to maintain International Monetary Fund (IMF) aid to Ukraine.
During a trip to Mexico City, Yellen spoke to reporters about the urgent situation in Ukraine. She revealed that she and her colleagues have been in discussions with members of Congress, emphasizing the dire consequences if the funding is not secured. Yellen stated, “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.”
The funding request from the Biden administration comes at a critical time for Ukraine. The country has been grappling with ongoing conflict and instability since Russia’s annexation of Crimea in 2014. The war in eastern Ukraine has resulted in thousands of deaths and displaced millions of people. The Ukrainian government has been heavily reliant on international aid to support its economy and military efforts.
Yellen’s statement highlights the significance of US support for Ukraine. The funding not only aids in the country’s recovery and stability but also ensures continued assistance from the IMF. The IMF has been instrumental in providing financial aid and support to Ukraine, helping to stabilize its economy and implement structural reforms.
Without the approval of Congress, Ukraine’s future could be at risk. The funding request includes direct budget support, which is crucial for the government to meet its obligations and provide essential services to its citizens. It would also contribute to strengthening Ukraine’s defense capabilities and countering Russian aggression.
The Biden administration has been vocal about its commitment to supporting Ukraine and countering Russian aggression in the region. The funding request aligns with this stance and reflects the administration’s recognition of the strategic importance of Ukraine as a buffer state between Russia and the West.
As the funding request awaits approval from Congress, the pressure is on to ensure that Ukraine receives the necessary support. Yellen’s warning serves as a reminder of the potential consequences of inaction. The US must fulfill its role as a global leader and provide the assistance needed to prevent Ukraine’s defeat and foster stability in the region..
Source
By REUTERS said Yellen: US would be ‘responsible for Ukraine’s defeat’ if funding fails
RELATED STORY.
