US Treasury Secretary: Aid to Ukraine is the best stimulus for the world economy
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Doubling aid to war-torn Ukraine is the “single best” way to help the global economy.
This was stated on Sunday by US Treasury Secretary Janet Yellen, speaking on the sidelines of the G20 Finance Ministers’ Summit in India, reports “Europva Pravda” with reference to AFP.
Yellen said that a “key priority” is to “redouble our support for Ukraine” in its defense against Russia.
After a visit to Kyiv in February, Yellen said she saw firsthand the “huge difference” that foreign aid makes to both civilians and the Ukrainian military.
“Ending this war is first and foremost a moral imperative,” Yellen told reporters in Gandhinagar. “But it’s also the best thing we can do for the world economy,” she added.
Russia’s invasion of Ukraine sent shock waves through the world economy, causing food and fuel prices to skyrocket.
The agreement, which allowed the resumption of Ukrainian grain exports, expires on Monday, unless Russia agrees to renew it.
“Budget support is critical to Ukraine’s resilience,” Yellen said.
“By helping to support the economy and the work of the government, we provide Ukraine with the necessary support so that it can fight for freedom and its sovereignty.”
She added that one of Washington’s “key goals” is “fighting Russia’s attempts to evade our sanctions.”
Yellen also said she would “defend the idea that there is a trade-off” between supporting Ukraine and supporting the Global South.
It will be recalled that the countries of the “Group of Seven” agreed at the NATO summit in Vilnius framework document on “security guarantees” for Ukraine. The leaders agreed on non-specific parameters of “security guarantees”, and their frameand specific bilateral agreements will be signed later.
President of Ukraine Volodymyr Zelenskyy expects that four or five more countries will join the initiative.
After that, he announced such intentions President of the Czech Republic.
European truth
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