Treasury Department – Page 3

Yellen Assures Europe That U.S. Will Provide More Funds for Ukraine

The Treasury secretary reassured allies that the Biden administration was not backing away from Ukraine despite opposition in Congress.

The money had

The money had recently transferred to Iran as part of a U.S.-Iran deal that led to the release of five imprisoned Americans from Iran last month.

The Treasury Department called the action a new phase of enforcement of a policy to starve Russia of oil revenue.

A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”