Markets Wired

WASHINGTON — On Monday, Under Secretary for International Affairs Jay Shambaugh met with Ukraine’s Minister of Finance Sergii Marchenko on the margins of the IMF-World Bank Spring Meetings. Under Secretary Shambaugh emphasized the United States’s commitment to support Ukraine in its fight to preserve its freedom, sovereignty, and territorial integrity. He provided the Minister an update on the Administration’s push for Congress to pass bipartisan legislation to provide vital military assistance, as well as direct budget support for Ukraine conditioned on continued progress by Ukraine on its reform agenda. The Under Secretary commended Ukraine’s performance under its IMF program, including the recently approved third review. The Under Secretary also discussed ways to unlock the value of immobilized Russian sovereign assets to support Ukraine’s continued resistance and long-term reconstruction.

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