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04.05 - 19:31
Economic Impacts, Global Politics Limit Potential Actions Against Russia, Yellen Says
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WASHINGTON—The U.S. and its allies are constrained in efforts to further punish Russia for its invasion of Ukraine because some potential steps lack international consensus and present risks to the global economy, Treasury Secretary Janet Yellen said.
Ms. Yellen committed to providing an additional $500 million to help Ukraine pay general government expenses, adding to the roughly $500 million the U.S. already provided in nonmilitary aid to Ukraine. Ms. Yellen said the Biden administration soon would request more funds from Congress for the aid. President Biden outlined additional military aid on Thursday.
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