Secretary of the Treasury Janet L. Yellen announced the disbursement of $3.4 billion in direct budget support for Ukraine, marking a significant step as Russia continues its attacks on Ukrainian civilians and infrastructure. The financial aid is seen as crucial for Ukraine’s efforts to defend its sovereignty and maintain essential government services.
“This $3.4 billion in assistance marks the final disbursement of funds appropriated under the bipartisan Ukraine Security Supplemental Appropriations Act, 2024,” stated Yellen. The distribution is coordinated with the U.S. Agency for International Development and the Department of State.
Yellen emphasized that this support is contingent upon reforms aimed at strengthening law enforcement, improving transparency and efficiency within government institutions, and enhancing anti-corruption measures.
The announcement follows the United States’ participation in the $50 billion G7 Extraordinary Revenue Acceleration loan initiative for Ukraine, funded by proceeds from immobilized Russian assets. “We are sending a clear message to Russia that it will increasingly bear the costs of its illegal war – not American and coalition taxpayers,” Yellen remarked.
Highlighting America’s vested interest in Ukraine’s success, Yellen stated, “Stopping Russia’s illegal invasion will help uphold a global democratic, rules-based order that advances American security and economic interests.” She reaffirmed commitment to continue supporting Ukraine alongside security assistance and sanctions against Russia.
