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Reuters
Reuters
Business
David Lawder

Yellen calls on U.S. allies to step up funding for Ukraine

FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies during a U.S. House Committee on Financial Services hearing on the Annual Report of the Financial Stability Oversight Council, on Capitol Hill in Washington, DC, U.S. May 12, 2022. Saul Loeb/Pool via REUTERS

U.S. Treasury Secretary Janet Yellen called for U.S. allies to step up financial support for Ukraine on Tuesday, saying that funds announced so far would not be sufficient for the country's short-term needs as it battles a Russian invasion.

"Ukraine's financing needs are significant," Yellen said in a speech to the Brussels Economic Forum, adding that the country's government continued to function, due to the ingenuity and bravery of its officials.

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