“Ukrainians are fighting for their lives on the front lines of the free world,” writes Janet Yellen, the U.S. secretary of the Treasury. “Today, and every day, they deserve America’s unyielding support.”
A solitary saleswoman offers vegetables outside the Zhytniy Market in the historic Podil neighborhood of Kyiv on a snowy Sunday.A year ago, the capital where I am now was under siege by Russian forces. Sounds of gunfire and explosions filled the streets; missiles rained down on this and other cities across Ukraine. Many people, including Vladimir Putin, expected that Ukraine would quickly collapse.
Since the start of the full-scale war, the United States has provided close to $50 billion in economic, security and humanitarian assistance for Ukraine. We’re proud to be Ukraine’s largest bilateral donor, and just as proud to be joined by an international coalition of supporters, including the European Union and other members of the Group of 7. Our assistance has received broad bipartisan backing, and we’ve made sure to deploy these funds with accountability and transparency.
Our economic support helps Ukraine’s government continue to be able to provide basic services to its people. Just last year, our assistance allowed roughly 500,000 health care workers and 60,000 first responders to continue to save lives. We’ve also helped keep half a million teachers in the classroom.
We cannot allow Ukraine to lose the war for economic reasons when it has shown an ability to succeed on the battlefield. 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.
We will also continue to take further actions to mount what has become the swiftest, most unified and most ambitious sanctions regime in modern history. Our coalition of over 30 countries has systematically degraded Russia’s military-industrial complex and reduced revenues that the Kremlin is relying on to fund its war. As demonstrated by our new actions last week, we will not rest until the war is over. This year, a heightened priority will be to disrupt Russia’s attempts to evade sanctions.
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