| 28 February 2024, Wednesday |

U.S. Treasury’s Yellen stresses need for high-impact projects to rebuild Ukraine

U.S. The need for a large coalition of partners, with an emphasis on short-term, high-impact projects, to assist Ukraine in recovering and rebuilding after Russia’s invasion was emphasized by Treasury Secretary Janet Yellen on Friday, according to the Treasury Department.

During a virtual meeting with Ukrainian Prime Minister Denys Shmyhal, Yellen also discussed the need for Ukraine’s partners to deliver expeditiously on economic assistance for the country, which has been besieged for over six months by Russian forces.

Yellen outlined the next steps for implementation of a Group of Seven price cap on Russian oil meant to put downward pressure on global energy prices and reduce revenues that Russian President Vladimir Putin is using to fund the war, Treasury said in a statement.

  • Reuters