Current:Home > reviewsSurpassing:Treasury Secretary Janet Yellen makes surprise visit to Ukraine -Prime Capital Blueprint
Surpassing:Treasury Secretary Janet Yellen makes surprise visit to Ukraine
Ethermac Exchange View
Date:2025-04-07 01:18:44
Washington — Treasury Secretary Janet Yellen made a surprise trip to Ukraine to underscore the U.S. commitment to backing Kyiv as the war with Russia enters its second year,Surpassing meeting with Ukrainian President Volodymyr Zelenskyy one week after President Biden did the same.
Yellen is visiting the country "to discuss critical economic assistance and our efforts to hold Russia accountable for their illegal and brutal war," Treasury Department spokesperson Lily Adams tweeted, along with a photo of Yellen at a train station.
The Treasury Department is responsible for imposing international sanctions against Russian individuals and entities, as well as delivering economic aid to the country, to the tune of $14 billion since the war began. The Treasury Department said Yellen was announcing the recent transfer of $1.25 billion in economic and budgetary aid while in Kyiv.
Yellen and other U.S. officials met with Zelenskyy and his top aides, with Zelenskyy posting a video to his Telegram channel showing him welcoming the secretary and thanking her for her support.
"I'm in Kyiv to reaffirm our unwavering support of the Ukrainian people," Yellen wrote in an op-ed in the New York Times coinciding with her visit. "Mr. Putin is counting on our global coalition's resolve to wane, which he thinks will give him the upper hand in the war. But he is wrong. As President Biden said here last week, America will stand with Ukraine for as long as it takes."
In her op-ed, Yellen explained that economic aid is not only vital for security assistance, but to help meet the basic needs of the Ukrainian people. That includes helping people who have had to flee their homes, and providing housing and utility subsidies.
"We cannot allow Ukraine to lose the war for economic reasons when it has shown an ability to succeed on the battlefield," Yellen wrote. "Ukraine's military resistance depends on a government that can function effectively, as well as a stable economy that can help finance defense efforts over the long term. By fortifying the 'home front,' our economic assistance is helping make possible Ukraine's stalwart frontline defense against Russia."
A Treasury Department official said planning has quietly been underway for the trip for weeks, following an invitation from Ukrainian Prime Minister Shmyhal. The secretary traveled into Kyiv with a small group of senior aides on an overnight train. Yellen and top Treasury officials viewed the trip as an opportunity to build on Mr. Biden's visit last week and as a chance to reaffirm the United States' commitment to Ukraine.
Last week during his surprise trip, Mr. Biden walked the streets of Kyiv with Zelenskyy before delivering a speech in Poland. The Biden administration last week announced additional sanctions against Russia and a new round of aid to the country.
"One year ago, the world was bracing for the fall of Kyiv. Well, I've just come from a visit to Kyiv, and I can report, Kyiv stands strong. Kyiv stands proud. It stands tall. And most important, it stands free," Mr. Biden said last week to applause from 30,000 onlookers waving Polish, U.S. and Ukrainian flags in front of the Royal Castle in Warsaw.
Sarah Ewall-Wice contributed to this report.
Kathryn WatsonKathryn Watson is a politics reporter for CBS News Digital based in Washington, D.C.
veryGood! (56322)
Related
- Trump invites nearly all federal workers to quit now, get paid through September
- Renewable energy is maligned by misinformation. It's a distraction, experts say
- Once Again Ryan Reynolds and Blake Lively Prove to Be the King and Queen of Trolling
- U.S. says drought-stricken Arizona and Nevada will get less water from Colorado River
- Meta donates $1 million to Trump’s inauguration fund
- Why Kelly Ripa and Mark Consuelos’ Kids Have Them Blocked on Social Media
- How Vanessa Hudgens Became Coachella's Must-See Style Star
- California is poised to phase out sales of new gas-powered cars
- Tom Holland's New Venture Revealed
- Florals For Spring That Are Groundbreaking, Thank You Very Much
Ranking
- New data highlights 'achievement gap' for students in the US
- Love Is Blind Season 4 Finale: Find Out Who Got Married and Who Broke Up
- California will ban sales of new gasoline-powered cars by 2035
- The Exact Moment Love Is Blind’s Paul Decided What to Tell Micah at Altar
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- The Late Late Show With James Corden Shoots Down One Direction Reunion Rumors
- 24-Hour Flash Deal: Get $210 Worth of Philosophy Skincare for Just $69
- A U.S. uranium mill is near this tribe. A study may reveal if it poses a health risk
Recommendation
Highlights from Trump’s interview with Time magazine
A U.S. uranium mill is near this tribe. A study may reveal if it poses a health risk
Climate protesters in England glued themselves to a copy of 'The Last Supper'
Americans connect extreme heat and climate change to their health, a survey finds
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
We’re Not Alright After Learning Matthew McConaughey and Woody Harrelson Might Be Brothers
Reese Witherspoon Makes First Red Carpet Appearance Since Announcing Jim Toth Divorce
Go Inside the Love Lives of Stranger Things Stars