https://sputnikglobe.com/20221212/us-treasury-chief-affirms-billions-of-dollars-of-aid-to-ukraine-for-as-long-as-it-takes-1105370705.html
US Treasury Chief Affirms Billions of Dollars of Aid to Ukraine For 'As Long as it Takes'
US Treasury Chief Affirms Billions of Dollars of Aid to Ukraine For 'As Long as it Takes'
Sputnik International
The US Treasury secretary Janet Yellen has affirmed military and security aid to Ukraine will continue for as long as it takes.
2022-12-12T08:56+0000
2022-12-12T08:56+0000
2022-12-12T13:42+0000
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Days after Joe Biden announced another military aid package for Ukraine, his Treasury chief, Janet Yellen, confirmed that Washington was in for the long haul when it comes to propping up the Kiev regime.Asked in an interview how long the US was prepared to continue support for Ukraine worth billions of dollars, Yellen quipped, “For as long as it takes.”Her words echo President Biden’s recent verbal commitment of continued security, economic, and humanitarian aid for Ukraine in a telephone call with President Volodymyr Zelensky. Earlier, on 9 December, Biden announced $275Mln of additional ammunition and equipment for the Kiev regime.The head of the agency overseeing sweeping sanctions introduced on Russia’s banking, energy and military industries because of its ongoing special operation in Ukraine struck an upbeat note, claiming that Moscow’s ability to supply its military had been “very significantly eroded by the sanctions and the export controls”.In fact, a slew of recent reports have indicated that it was the American defense industry's ability to replenish stockpiles that was severely stressed because of the continued funneling of weapons to Ukraine. Conversely, Yellen reiterated in the interview that ending the conflagration in Ukraine was “the single best thing we can do for the global economy”. When asked whether she could “see any evidence that that end is in sight,” America’s chief financial officer said:“Yes. We're doing everything we can to bring this war to a conclusion. Of course, we are providing considerable help - to Ukraine, both military and economic.”From the very outset of its military operation in Ukraine, launched on 24 February, Moscow has warned Washington and the so-called collective West that maintaining a steady stream of weapons to Kiev's authorities will only prolong the conflict.Yellen also weighed in on the scheme that recently came into force, cobbled together by the G7 plus Australia, to cap Russian oil exports at $60 a barrel. Coming part and parcel with an EU ban on seaborne shipments of oil to the Old Continent (and prohibition of deliveries of petroleum products in February 2023), it was tailored to slash Moscow's earnings and cripple Russia's economy."So far, so good,” Yellen summed up when aske what she thought about the price cap mechanism, which experts believe will make Europeans feel more pain at the pump soon.The price cap deal prevents EU and UK companies from transporting or insuring ships carrying crude oil from Russia to anywhere in the world – unless the buyer pays the price below the proposed level of $60 a barrel. Starting from February, Russia's petroleum products will also be subject to the price cap rule. Furthermore, a mechanism has been contrived to reconsider the price cap limits every two months, to ensure that it is at least 5 percent below average market rates.Russia has slammed the non-market decision, with Russian President Vladimir Putin emphasizing that the country "will not suffer losses – no matter what". Putin also warned that the step may undermine global energy markets, resulting in an oil industry collapse worldwide.As it is, backfiring sanctions on Russia have been accelerating the surge of oil and gas costs and feeding into the energy crisis.Elsewhere in the US media interview, Yellen went on to insist that she was doing everything in her power to avoid a recession, adding that the surge in inflation would be a short-term one, in her opinion.“There are always risks of a recession. The economy remains prone to shocks. But look, we have a very healthy banking system,” Yellen stated, while admitting that economic growth was “slowing substantially”.The upbeat pronouncement struck a dissonant note with warnings coming from veteran American investor Jim Rogers. He recently told Sputnik that he believes that there will be an economic recession in the coming years.The US investment guru pointed out that so much debt worldwide has built up since 2009 that the next time we have a problem, "it's going to be very very bad. So, be worried."
https://sputnikglobe.com/20221114/new-us-sanctions-to-target-transnational-network-helping-russian-military-yellen-says-1104085836.html
https://sputnikglobe.com/20221204/us-may-reportedly-halt-military-aid-to-ukraine-if-congress-fails-to-agree-on-budget-bill-1105033788.html
https://sputnikglobe.com/20221212/us-investor-rogers-warns-of-worst-economic-problems-in-lifetime-in-2-3-years-1105364424.html
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us treasury secretary, janet yellen, military and security aid to ukraine, aid for as long as it takes, aid package to ukraine, backfiring sanctions, energy crisis, why does us help ukraine,
us treasury secretary, janet yellen, military and security aid to ukraine, aid for as long as it takes, aid package to ukraine, backfiring sanctions, energy crisis, why does us help ukraine,
US Treasury Chief Affirms Billions of Dollars of Aid to Ukraine For 'As Long as it Takes'
08:56 GMT 12.12.2022 (Updated: 13:42 GMT 12.12.2022) US Treasury Secretary Janet Yellen weighed in on the risks of a recession, surging inflation and developments in Ukraine, which Washington continues to pump with weapons, as she appeared in a lengthy media interview on 11 December.
Days after Joe Biden announced another military aid package for Ukraine, his Treasury chief, Janet Yellen, confirmed that Washington was
in for the long haul when it comes to propping up the Kiev regime.
Asked in an interview how long the US was prepared to continue support for Ukraine worth billions of dollars, Yellen quipped, “For as long as it takes.”
Her words echo President Biden’s recent
verbal commitment of continued security, economic, and humanitarian aid for Ukraine in a telephone call with President Volodymyr Zelensky. Earlier, on 9 December, Biden announced $275Mln of additional ammunition and equipment for the Kiev regime.
The head of the agency overseeing
sweeping sanctions introduced on Russia’s banking, energy and military industries because of its ongoing special operation in Ukraine struck an upbeat note, claiming that Moscow’s ability to supply its military had been “very significantly eroded by the sanctions and the export controls”.
In fact, a slew of recent reports have indicated that it was the American defense industry's ability to replenish stockpiles that was
severely stressed because of the continued funneling of weapons to Ukraine.
Conversely, Yellen reiterated in the interview that ending the conflagration in Ukraine was “the single best thing we can do for the global economy”. When asked whether she could “see any evidence that that end is in sight,” America’s chief financial officer said:
“Yes. We're doing everything we can to bring this war to a conclusion. Of course, we are providing considerable help - to Ukraine, both military and economic.”
From the very outset of its military operation in Ukraine, launched on 24 February, Moscow has warned Washington and the so-called collective West that maintaining a steady stream of weapons to Kiev's authorities will only prolong the conflict.
14 November 2022, 04:27 GMT
Yellen also weighed in on the scheme that recently came into force, cobbled together by the G7 plus Australia,
to cap Russian oil exports at $60 a barrel. Coming part and parcel with an EU ban on seaborne shipments of oil to the Old Continent (and prohibition of deliveries of petroleum products in February 2023), it was tailored to slash Moscow's earnings and cripple Russia's economy.
"So far, so good,” Yellen summed up when aske what she thought about the price cap mechanism, which experts believe will make Europeans feel more pain at the pump soon.
The price cap deal prevents EU and UK companies from transporting or insuring ships carrying crude oil from Russia to anywhere in the world – unless the buyer pays the price below the proposed level of $60 a barrel. Starting from February, Russia's petroleum products will also be subject to the price cap rule. Furthermore, a mechanism has been contrived to reconsider the price cap limits every two months, to ensure that it is at least 5 percent below average market rates.
Russia has slammed the
non-market decision, with Russian President Vladimir Putin emphasizing that the country "will not suffer losses – no matter what". Putin also warned that the step may undermine global energy markets, resulting in an oil industry collapse worldwide.
As it is, backfiring sanctions on Russia have been accelerating the surge of oil and gas costs and feeding into the
energy crisis.
4 December 2022, 15:07 GMT
Elsewhere in the US media interview, Yellen went on to insist that she was doing everything in her power to avoid
a recession, adding that the surge in inflation would be a short-term one, in her opinion.
“There are always risks of a recession. The economy remains prone to shocks. But look, we have a very healthy banking system,” Yellen stated, while admitting that economic growth was “slowing substantially”.
The upbeat pronouncement struck a dissonant note with
warnings coming from veteran American investor Jim Rogers. He recently told Sputnik that he believes that there will be an economic recession in the coming years.
"There's going to be a period of good, something will cause optimism to return. After the optimism, you should be extremely worried because we're going to have economic problems again some time in the next two or three years and they will probably be the worst in my lifetime," Rogers said.
The US investment guru pointed out that so much debt worldwide has built up since 2009 that the next time we have a problem, "it's going to be very very bad. So, be worried."
12 December 2022, 00:07 GMT
