Yellen to EU, ‘join us to support Ukrainian economy’

(ANSA) – BRUSSELS, MAY 17 – “I ask all our partners to join us in increasing their financial support for Ukraine. Our joint efforts are essential to ensure that Ukrainian democracy prevails over Putin’s aggression”. US Treasury Secretary Janet Yellen said this at the Brussels Economic Forum, underlining that “Ukraine’s immediate financing needs are significant”. At the end of the war, he adds, “Ukraine will need massive support and private investment for reconstruction and recovery”, as was the case for Europe after 1945. As for Moscow, according to Yellen, “if Putin continues its atrocious war, the Biden administration will work “with the European Union and other partners” to push Russia further into economic, financial and strategic isolation “and” the Kremlin will increasingly be forced to choose between supporting the own economy and finance Putin’s brutal war. “

“I know that Europe is facing a particularly difficult situation” on the energy front and “I commend European leaders for their proposal to phase out all Russian energy supplies within six months”, the US minister later said. “Russia is using energy as a weapon against those who oppose its aggression”, highlights Yellen, assuring that “the United States is committed to collaborating with Europe” to meet its energy needs “by breaking dependence on it. Russian energy “. And this includes “the increase in LNG exports to Europe”. (HANDLE).

Source: Ansa

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