Treasury Secretary Janet Yellen made an unannounced travel to Ukraine connected Monday, gathering face-to-face pinch Ukrainian President Volodymyr Zelenskyy successful Kyiv connected a sojourn aimed astatine reinforcing America's committedness to nan war-torn federation pursuing its penetration by Russia.
A Treasury charismatic said nan intent of Yellen's travel is to reaffirm President Joe Biden's connection during his sojourn to Ukraine 1 week ago, successful a show of support for nan country's conflict against Russia.
US Secretary of nan Treasury Janet Yellen arrives to laic flowers to a Memory Wall of Fallen Defenders of Ukraine successful nan Russian-Ukrainian War during her sojourn to Kyiv connected Feb. 27, 2013, amid nan Russian penetration of Ukraine. (Sergei Supinsky/AFP via Getty Images / Getty Images)
Yellen is successful nan Ukrainian superior for meetings and engagements to talk nan value of financial assistance to Ukraine from nan U.S. and different allies, and will denote America's latest $1.25 cardinal transportation of economical and budgetary support to nan country.
US SLAPS NEW SANCTIONS ON RUSSIA OVER UKRAINE WAR, RAISES TARIFFS
The Treasury caput is besides expected to highlight the sweeping sanctions Western nations person imposed connected Russia arsenic portion of efforts to inhibit nan country's expertise to money its military.
U.S. Treasury Secretary Janet Yellen makes astonishment sojourn to Ukraine, meets pinch President Zelenskyy, Febr. 27, 2023 (U.S. Treasury Department )
Following Yellen's sit-down pinch Zelenskyy, his agency issued a connection calling nan gathering "important" and expressing gratitude for nan ongoing U.S. support.
"The United States has been powerfully supporting america since nan first days of this warfare not only pinch weapons, but besides connected nan financial front. We really admit it," nan connection reads. "Thank you for systematic steps to summation sanctions unit connected nan aggressor state. It is basal to further fortify sanctions to deprive Russia of nan expertise to finance nan war."
US Secretary of nan Treasury Janet Yellen (R) and US ambassador to Ukraine Bridget Brink look astatine destroyed Russian subject vehicles displayed successful an unfastened aerial accumulation during their sojourn to Kyiv connected February 27, 2013, amid nan Russian penetration of Ukr (Sergei Supinsky/AFP via Getty Images / Getty Images)
YELLEN WARNS CHINA OF ‘SERIOUS CONSEQUENCES’ IN HELPING RUSSIA SKIRT US SANCTIONS
Yellen, speaking to reporters by phone, said nan U.S. would besides study Ukraine's calls to enforce sanctions connected Russia's atomic power sector, but needed to beryllium "mindful" of imaginable consequences of specified an action connected Western allies.
Yellen said nan U.S. and its friends were discussing strategies to guarantee that Russia pays for nan devastation that its war, now successful its 2nd year, pinch estimates successful nan hundreds of billions of dollars and increasing each day.
Washington has confiscated assets utilized successful criminal activity but cardinal slope and different ample pools of assets stiff by sanctions are different matter.
"We person connected this mini scale, seized assets, but location are surely ineligible challenges successful doing much than that," Yellen said.
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In a abstracted property release, Zelenskyy's agency said nan Ukrainian president emphasized nan value of nan Biden administration's determination past week to perpetrate $9.9 cardinal successful nonstop fund support to Ukraine complete nan people of 2023, saying nan costs "allow america to screen nan unfunded portion of nan authorities fund and support nan segments of nan organization that request it most."
Reuters contributed to this report.