U.S. Paves Way for EU’s Financial Aid to Ukraine

Treasury Secretary Janet Yellen announced a $20 billion U.S. contribution to Ukraine, facilitating the EU’s planned 18 billion euros aid package. German Finance Minister Christian Lindner emphasized a significant breakthrough in support efforts during his statements in New York ahead of global financial meetings in Washington DC.

The U.S. Treasury Secretary, Janet Yellen, made a pivotal announcement concerning a U.S. contribution of approximately $20 billion to support Ukraine. This contribution clears the path for the European Union to extend its assistance to Ukraine, totaling 18 billion euros, as confirmed by Germany's Finance Minister Christian Lindner.

In his remarks delivered in New York, Lindner acknowledged the potential breakthrough in international support for Ukraine. His statements came just before he was set to depart for Washington DC to attend the International Monetary Fund and World Bank's annual conferences, where global financial leaders will convene.

This combined financial push signals heightened international commitment to aiding Ukraine, indicating a robust collaborative effort among the U.S., EU, and various international bodies to stabilize the region amidst ongoing tensions.

(With inputs from agencies.)