READOUT: Secretary of the Treasury Janet L. Yellen’s Bilateral Meeting with Executive Vice President and Commissioner for Economy Paolo Gentiloni of the European Union

WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met with European Commissioner for Economy Paolo Gentiloni. They discussed several topics of mutual interest, such as our efforts to deprive Russia of its ability to wage war and support for Ukraine in its defense against Putin’s brutal invasion. Secretary Yellen congratulated the European Union for the passage of the Ukraine Facility, which will provide €50 billion in economic support to Ukraine over the next four years and help Ukraine enact the reforms necessary to advance in its EU accession efforts. Secretary Yellen reiterated the Administration’s ongoing efforts to secure direct budget support in FY 2024 as part of the national security supplemental request before Congress, and underscored the importance of Congress acting on financial support for Ukraine as quickly as possible.

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