US says it will defend aid to Ukraine at G20 meeting

The United States will seek to increase financial aid to Ukraine to deal with the war with Russia, and will push for debt restructuring at G20 Finance meeting which begins tomorrow in India, US Treasury Secretary Janet Yellen said today.

“The key priority this week is to double our support for Ukraine as it continues to defend itself against Russia’s illegal and unprovoked attackYellen said this at a press conference in the Indian city of Gandhinagar on the eve of a meeting of G20 finance ministers and central banks.

The Minister of Finance stressed the importance that “foreign aid plays in the lives of Ukrainian civilians and on the front lines of the Ukrainian army” and the importance it has in ending the war.

“This is the best we can do for the global economy,” he said.

In this sense, he assured that the United States will support Ukraine “as long as necessary.”

Financial assistance to Ukraine should help the government workand Washington will also continue to “cut off Russia’s access to the military hardware and technology it needs to wage war,” the report said.

The United States also continues to put strong pressure on China to participate with other creditor countries and financial institutions in debt restructuring of a number of emerging economies and in crisis situations such as Sri Lanka or Ghana.

“This week I will continue to insist on the full and timely participation of all official bilateral creditors in pending debt restructuring caseshe said today.

G20 finance executives are also trying together to move forward with a global minimum tax on international profits so that multinational corporations pay the appropriate rates and can compete on an equal footing with smaller companies.

The third meeting of the G20 finance and central bank ministers, chaired by India, will take place on the 17th and 18th in Gandhinagar, the capital of the western state of Gujarat, India.

According to Efe.