By News Room
Ukrainian Prime Minister Denys Shmygal on Thursday praised the “constant, unwavering and unprecedented support” that the United States has given his country in the fight against the Russian invasion. He underlined that the Ukrainian authorities are engaged in the fight against corruption.
Speaking alongside US Treasury Secretary Janet Yellen, Shmygal said it was essential that Ukraine start rebuilding this year and said Kiev had identified a priority funding gap of $14 billion needed this year. year.
Yellen, who made a surprise visit to Kiev in February, told Shmygal she had seen “firsthand the courage and resilience of the Ukrainian army and people”. She said the United States has supported Ukraine since day one of the war and will continue to support it “as long as it takes.”
The United States has already provided significant economic support to Ukraine since the start of the war and will provide more assistance in the coming months, in addition to security support and humanitarian assistance, Yellen said.
“As President Zelenskyy said, this support is not charity – it is an investment in democracy and global security,” she said, noting that the aid includes guarantees for ensure that the funds are used for the intended purpose.
Yellen hailed Ukraine’s commitment to meeting the reform benchmarks in a new $15.6 billion lending program approved by the International Monetary Fund. The new line of credit, she said, marked an important step towards economic recovery.
Shmyhal said Ukraine had exceptional controls in place to account for every aid dollar received. According to him, last year the country carried out more anti-corruption reforms than in many previous years combined.
He also said that Ukraine highly appreciates the tough sanctions imposed by the United States on Russia, which cover more than 120 companies and organizations, including those that help people on the lists to evade sanctions and those associated with them. to the Russian energy company Rosatom.
The World Bank, United Nations, European Commission and Ukraine recently estimated that rebuilding Ukraine would cost $411 billion, more than the previous estimate of $349 billion.
Yellen said on Tuesday that support from the United States and the European Union would help Ukraine fight off the invasion before the end of the year, but if the war continues, Washington will have to work with partners to supply Kiev. additional support if needed.
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