Treasury Secretary Janet Yellen pledged more US financial assistance for Ukraine, reported Bloomberg.
The official is confident the effort will win congressional support despite a looming partisan showdown.
Speaking Friday at a press conference in New Delhi ahead of the G-20 summit, Yellen also said she’s “been surprised by the strength of global growth and how resilient the global economy has proven to be.” She was less upbeat on China’s outlook, saying she sees the world’s No. 2 economy “slowing over time,” but noted that Beijing “has quite a bit of policy space to address these challenges.”
Yellen noted that reaching agreement within the Group of Twenty on language about Russia’s invasion of Ukraine remains “challenging.”
“We also remain committed to support for Ukraine and recently put forward a supplemental funding request,” Yellen said. “I’m pleased that there has been bipartisan support in both houses of Congress, for Ukraine, and I feel confident that we’ll be able to make sure that we have funding.”
Republican House Speaker Kevin McCarthy doesn’t plan to include President Joe Biden’s request for $24 billion in emergency funds for Ukraine in a must-pass bill needed to fund US government operations past Oct. 1 unless Democrats back immigration and asylum policies they strongly oppose.
The Pentagon has announced a new security assistance package for Ukraine. This package is provided through the Ukraine Security Assistance Initiative (USAI) and includes equipment to strengthen air defence, artillery ammunition, and other supplies.