US Treasury chief confirms aid to Ukraine ‘for as long as it takes’
https://sputniknews.com/20221212/us-treasury-chief-affirms-billions-of-dollars-of-aid-to-ukraine-for-as-long-as-it-takes-1105370705.html
US Treasury chief says billions in aid to Ukraine ‘for as long as it takes’
US Treasury chief says billions in aid to Ukraine ‘for as long as it takes’
US Treasury Secretary Janet Yellen said military and security assistance to Ukraine will continue for as long as it takes.
2022-12-12T08:56+0000
2022-12-12T08:56+0000
2022-12-12T08:56+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 on the long side when it comes to supporting the Kiev regime. Asked in an interview how long the United States was prepared to continue billions of dollars of support for Ukraine, Yellen joked: “As long as it takes. . Earlier, on December 9, Biden had announced $275 million in additional ammunition and equipment for the kyiv regime. note, saying that Moscow’s ability to supply its military had been “very significantly eroded by sanctions and export controls.” stressed because of the continuous flow of weapons to Ukraine. Conversely, Yellen reiterated in the interview that ending the conflagration in Ukraine was “the best thing we can do for the global economy.” When asked if she could “see any evidence that this end is in sight”, the US CFO replied: “Yes. We are doing everything we can to end this war. Of course we are helping considerable – to Ukraine, both militarily and economically Arms deliveries to the Kyiv authorities have only served to prolong the conflict Part of the EU’s ban on maritime oil shipments to the Old Continent (and the ban on oil product deliveries in February 2023), it was designed to reduce Moscow’s revenue and cripple the Russian economy. “…So far so good,” Yellen summed up the effect of the price cap mechanism, which experts say will soon make Europeans feel more at the pump.The price cap agreement prohibits European and British companies from transporting or insuring vessels carrying crude oil from Russia v ers anywhere in the world. – unless the buyer pays the price below the proposed level of $60 a barrel. From February, Russian petroleum products will also be subject to the price cap rule. In addition, a mechanism has been designed to review the price cap limits every two months, to ensure that they are at least 5% below average market rates. Russia criticized the no-deal decision, with Russian President Vladimir Putin stressing that the country “will not suffer losses no matter what.” Putin also warned that the move could undermine global energy markets, leading to a collapse in the oil industry worldwide. As it stands, the sanctions against Russia have accelerated soaring oil and gas costs and fueled the energy crisis. Elsewhere in US media interview Janet Yellen insists she is doing everything in her power to avoid a recession, adding that the surge in inflation she says will be short-lived. “There are always risks of recession. The economy remains prone to shocks. But look, we have a very healthy banking system,” Yellen said, while admitting that economic growth was “slowing down significantly.” The upbeat statement struck a dissonant note with warnings from veteran US investor Jim Rogers. He recently told Sputnik that he thinks there will be an economic recession in the coming years. very very bad. So be worried.
https://sputniknews.com/20221114/new-us-sanctions-to-target-transnational-network-helping-russian-military-yellen-says-1104085836.html
https://sputniknews.com/20221204/us-may-reportedly-halt-military-aid-to-ukraine-if-congress-fails-to-agree-on-budget-bill-1105033788.html
https://sputniknews.com/20221212/us-investor-rogers-warns-of-worst-economic-problems-in-lifetime-in-2-3-years-1105364424.html
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usa treasury secretary, janet yellen, military and security aid to ukraine, aid as long as it takes, ukraine aid program, backfiring sanctions, energy crisis, why are we helping ukraine,
usa treasury secretary, janet yellen, military and security aid to ukraine, aid as long as it takes, ukraine aid program, backfiring sanctions, energy crisis, why are we helping ukraine,
US Treasury Secretary Janet Yellen has weighed in on recession risks, soaring inflation and developments in Ukraine, which Washington continues to pump with guns, as she appeared in a lengthy media interview on 11 december.
When asked in an interview how long the United States was willing to continue supporting Ukraine with billions of dollars, Yellen joked, “As long as it takes.”
Conversely, Yellen reiterated in the interview that ending the conflagration in Ukraine was “the best thing we can do for the global economy.” When asked if she could “see any evidence that this end is in sight”, the US CFO said:
“Yes. We are doing everything we can to end this war. Of course, we are providing considerable help to Ukraine, both military and economic.
From the start of its military operation in Ukraine, launched on February 24, Moscow warned Washington and the so-called collective West that maintaining a constant flow of arms supplies to authorities in Kiev only prolonged the conflict.
“…So far so good,” Yellen summed up the effect of the price cap mechanism, which experts say will soon make Europeans feel more pain at the pumps.
The price cap agreement prohibits European and British companies from transporting or insuring vessels carrying crude oil from Russia to anywhere in the world – unless the buyer pays the price below the level offered at $60 a barrel. From February, Russian petroleum products will also be subject to the price cap rule. In addition, a mechanism has been put in place to review the price caps every two months, to ensure that they are at least 5% lower than the average market rates.
“There are always risks of recession. The economy remains prone to shocks. But look, we have a very healthy banking system,” Yellen said, while admitting that economic growth was “slowing down significantly.”
“There is going to be a period of good, something is going to bring optimism back. After optimism, you should be extremely worried because we are going to have economic problems again in the next two or three years and these will probably be the worst of my life,” Rogers said.
The American investment guru pointed out that so much debt around the world has piled up since 2009, that the next time we have a problem, “it’s going to be very, very bad. So be worried.”
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