US Treasury Secretary Janet Yellen claimed that sending even more funds to Ukraine is the “single best” way to aid the global economy.
Yellen also claimed to boost emerging economies while combatting debt distress besides sending billions in taxpayer dollars to Kyiv.
At the G20 finance ministers’ summit in India, Yellen revealed she would “push back” on criticism there was a tradeoff between aid to Ukraine and developing nations.
“Ending this war is first and foremost a moral imperative,” she told reporters.
“But it’s also the single best thing we can do for the global economy,” Yellen added, somehow expecting people to believe that sending billions of taxpayer dollars to Ukraine is going to help the US economically.
Yellen’s comments came on the heels of former Vice President Mike Pence urging for more aid to be sent to Ukraine.
Since the Ukraine war began, the Biden administration and the US Congress have directed more than $75 billion in aid to the country.
As The Daily Fetched reported on Friday, Tucker confronted Pence about sending more money to Ukraine as the country continues its war with Russia.
The AFP report also pointed to efforts to tackle debt distress, bank reform, and global tax deals in struggling economies while warning it was “premature” to talk of lifting tariffs on China,
Russia’s invasion of Ukraine sent prices for food and fuel soaring.
Economic uncertainty surrounding supply chain issues continues to shake the global economy as Ukraine-Russia continues.
Japan’s Finance Minister Shunichi Suzuki “reconfirmed the G7’s unshakeable support” for Kyiv.
“We confirmed that Russia-owned assets that are under the G7’s supervision would not be transferred until Russia pays damages to Ukraine,” Suzuki said, adding Moscow should also “pay long-term reconstruction costs.”