Statement from Secretary of the Treasury Janet L. Yellen on Passage of the National Security Supplemental

I commend the United States Senate and House of Representatives on passing the National Security Supplemental, including much needed military, economic, and humanitarian support for Ukraine in its courageous fight against Russia’s brutal invasion. This vital – and long overdue – assistance will bolster Ukraine’s capabilities on the battlefield. Our economic support will ensure that Ukraine’s homefront does not collapse and essential government services, such as emergency response, continue to function, even while all of Ukraine’s government tax revenue is directed to the war effort. Importantly, U.S. economic support to Ukraine benefits from an unprecedented level of transparency and continues to promote critical reforms that will increase Ukraine’s economic resilience. In addition to commitments from other international partners, including the European Union’s €50 billion Ukraine Facility, U.S.