Secretary Yellen Applauds Passage of National Security Supplemental, Affirming Support for Ukraine
In a significant move applauded by Secretary of the Treasury Janet L. Yellen, the United States Senate and House of Representatives have passed the National Security Supplemental, signaling a resolute stance in supporting Ukraine amid its ongoing struggle against Russia's aggressive invasion.
The comprehensive package encompasses vital military, economic, and humanitarian aid aimed at bolstering Ukraine's resilience on multiple fronts.
Yellen commends the bipartisan effort, highlighting the critical importance of the assistance, which addresses urgent needs while fortifying Ukraine's capabilities in the face of adversity. With military aid aimed at strengthening Ukraine's position on the battlefield, and economic support aimed at ensuring stability on the homefront, the supplemental package provides a multifaceted approach to support Ukraine's sovereignty and territorial integrity.
Notably, the economic assistance package not only provides immediate relief but also emphasizes transparency and accountability, aligning with efforts to promote vital reforms crucial for Ukraine's long-term economic resilience. This support is complemented by commitments from international partners, including the European Union's substantial financial assistance and contributions from the International Monetary Fund.
Looking ahead, Secretary Yellen stresses the importance of sustained assistance, emphasizing the need for medium- and long-term economic and security support for Ukraine. With ongoing geopolitical tensions, Yellen underscores the necessity of maintaining pressure on Putin's regime and reaffirming the commitment to Ukraine's continued resilience and reconstruction efforts.
The passage of the REPO Act represents a significant step towards unlocking the value of immobilized Russian assets to further support Ukraine's stability and recovery. Yellen pledges to continue robust discussions with G7 partners to advance collective strategies in support of Ukraine's interests.
In essence, the passage of the National Security Supplemental underscores the United States' unwavering commitment to global security, economic stability, and the defense of democratic values. It reaffirms America's leadership role on the world stage and sends a clear message of solidarity with Ukraine in its struggle for sovereignty and freedom.
As Secretary Yellen asserts, standing by Ukraine is not just a matter of geopolitical strategy but a reaffirmation of the principles that define the United States as a beacon of democracy and global leadership.
The passage of the supplemental represents a crucial step forward in upholding these values and demonstrating unwavering support for Ukraine's journey towards peace and stability.
Source: U.S. Department Of Treasury
