US Treasury chief says supporting Ukraine is 'collective effort'

ISTANBUL

US Treasury Secretary Janet Yellen said Wednesday that supporting Ukraine during Russia's war is "a collective effort."

"We welcome the efforts by our allies and partners to provide significant, predictable and timely assistance and urge all of us to continue doing so," Yellen said in remarks at the Third Ukraine Ministerial Roundtable which were published on the Treasury Department’s website.

"The United States is proud to have provided significant budget support since Russia’s invasion. We have current plans to provide additional aid through September—all as grants—as well as to provide support for energy security and early recovery," she added.

Yellen said the new International Monetary Fund (IMF) program will anchor the US’s support in a macroeconomic framework and catalyze further reforms essential to Ukraine’s recovery.

The IMF last month approved a $15.6 billion loan program for Ukraine amid the ongoing war with Russia.