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00:00We need to extend our cooperation to boosting support for Ukraine. Ukraine's immediate financing needs are significant. Due to the ingenuity and bravery of Ukrainian officials their government continues to function. But in the months until tax collection can resume at peace. Ukraine needs budget funding to pay soldiers employees and pensioners as well as to operate an economy that meets its citizens basic needs. In short order will need to turn to repairing and restoring critical utilities and services. Eventually Ukraine will need massive support and private investment for reconstruction and recovery akin to the task of rebuilding in Europe after 1945. Ukraine will have to take this one step at a time but we can help today and acknowledge and prepare for what is coming. What's clear is that the bilateral and multilateral support announced so far will not be sufficient to address Ukraine's needs. Even in the short term. That's why President Biden has called on the US Congress to provide an additional 33 billion dollars in security economic and humanitarian aid. And I sincerely ask all our partners to join us in increasing their financial support to Ukraine. Our joint efforts are critical to help ensure Ukraine's democracy prevails over Putin's aggression.

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Yellen Calls for Aid to Ukraine for Rebuilding

US Treasury Secretary Janet Yellen calls for large-scale economic assistance to Ukraine in a speech in Brussels Tuesday. (Source: Bloomberg)

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