U.S. Treasury Secretary Janet Yellen was in Kyiv on a surprise visit to reaffirm U.S. support for Ukraine in its struggle against Russia's invasion and promote U.S. economic aid that is bolstering Ukraine's war effort
Since the war began, the U.S. has given Ukraine more than $13 billion in economic and budget support funding, and the latest disbursement will push that to over $14 billion, with an additional $8.65 billion expected through Sept. 30.
Ukraine is estimated to need $40 billion to $57 billion in external financing this year to support its economy and isYellen told Marchenko she backedfor Ukraine with the IMF by the end of March, Treasury said in a statement. "A sustained military effort cannot succeed without an effective government at home," Yellen said at the Kyiv Obolon School No. 168, where the salaries of teachers, administrators and support staff are reimbursed from U.S. budget support funds.
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