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US to provide $500 million additional inside monetary assistance to Ukraine

US to provide $500 million additional inside monetary assistance to Ukraine

WASHINGTON (AP) — The United States will provide an additional $500 million inside monetary assistance to Ukraine to assist it convey salaries, pensions with every one other accompanied by other management programs, a Treasury official said, while the beleaguered country fends off Russia's invasion.

The official was not authorized to speak publicly ahead of the announcement on Thursday, when Treasury Secretary Janet Yellen is scheduled to meet accompanied by Ukrainian Prime Minister Denys Shmyhal, down accompanied by Deputy Secretary Wally Adeyemo with every one other accompanied by Ukrainian Finance Minister Serhiy Marchenko.

The new funding comes on top of $500 million inside monetary assistance that President Joe Biden unveiled inside March.

The announcement comes opposed to the backdrop of International Monetary Fund with every one other accompanied by World Bank leap meetings dominated by conversations over how to manage the spillover from Russia's war inside Ukraine.

The Treasury Department imposed a new wave of sanctions opposed to Russia on Wednesday. Included inside the sanctions packages are penalties imposed on additional than 40 people with every one other accompanied by entities accused of evading sanctions. The sanctions include the earliest place of penalties opposed to a cryptocurrency mining firm inside connection to the war.

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Additionally, Yellen with every one other accompanied by Ukraine's monetary affairs minister walked not here of a Group of 20 gathering Wednesday while Russia's representative started talking.

Several monetary affairs ministers with every one other accompanied by centre edge governors too left-hand the room, according an official familiar accompanied by the meetings, who spoke on the condition of anonymity since the event was not public.

Some ministers with every one other accompanied by centre edge governors who attended the gathering in effect turned their cameras off when Russian President Vladimir Putin's representative spoke, the human being said.

Yellen planned to clasp a press conference Thursday afternoon at the Treasury Department.

The International Monetary Fund with every one other accompanied by the World Bank leap meetings occur every one year, accompanied by monetary affairs leaders convening to gear the world's most pressing issues.

US to provide $500 million additional inside monetary assistance to Ukraine

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