Remarks by Secretary of the Treasury Janet L. Yellen Following Bilateral Meeting with Prime Minister Denys Shmyhal of Ukraine

As Prepared for Delivery Prime Minister Shmyhal and Minister Marchenko, thank you for meeting with me today. I was glad to discuss our key shared priorities, including international financial support for Ukraine, Ukraine’s reform progress, and Russia’s obligation to pay for the damages of its war of aggression. Budgetary assistance from the United States is more critical than ever, as it is inextricably linked to Ukraine’s success on the battlefield and the government’s ability to deliver essential services to its people. The United States has provided substantial direct budget support to Ukraine, as have our allies. As nearly all Ukrainian tax revenue funds your armed forces, our support has helped to fund critical services underpinning the war effort. Extensive controls and safeguards have ensured that this money is reaching the right people and is being used appropriately.