Green light from the US Treasury to Ukraine

In her speech at the Eurogroup Finance Ministers meeting in Luxembourg, US Treasury Secretary Janet Yellen stated that strong support for Ukraine remains a “top priority” for both the United States and Europe.

EMPHASIS ON DETERMINATION

Noting that they cannot allow Ukraine to lose the war for economic reasons, Yellen emphasized that the Biden administration is determined to support Ukraine “no matter how long it takes.”

“President Biden and I, along with a bipartisan majority of the United States Congress and the American people, will fight to ensure that our support remains intact and that adequate funding is provided in the future,” Yellen said. he said.

Stating that they will work with Congress to enact the package that includes support for Ukraine, Yellen affirmed that their support is vital to national security interests and the goal of a free and prosperous Europe and world.

RELATIONS WITH CHINA

Yellen emphasized that cooperation between the United States and the European Union is also very important in economic relations with China, noting that they are not trying to separate the American economy from the Chinese one, but rather to diversify it.

Stating that they seek open and direct communication to avoid misunderstandings and miscalculations while protecting national security interests, Yellen said that as they deepen communication with China and seek to establish a healthy economic relationship, they are also focused on taking action. specific to protect national security interests.

Yellen stated that the United States and the EU should work together constructively while strengthening critical supply chains, stating that they face common risks arising from common vulnerabilities and dependencies, and that efforts to build resilience can be mutually supportive.

“UNITED STATES CAN DEFINITELY SUPPORT ISRAEL’S MILITARY NEEDS”

On the other hand, Yellen stated in an interview with Sky News that it was too early to comment on the economic consequences of the Israeli-Palestinian conflict and that its impact would depend on whether the conflict spreads to the broader region.

On the question of whether the United States and the West can currently economically afford a new war, Yellen said: “I think the answer is absolute. The United States can certainly support Israel and support its military needs; “We can and should also support Ukraine in its fight against Russia.” saying.

Yellen stated that the US economy is “in a good place” and that high interest rates may continue, although it is not clear. (AA)