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Politico | Treasury lobbies the bankers on Ukraine, 22 Apr "bail-in"
In a private dinner at the Treasury Department, hosted by Deputy Secretary Wally Adeyemo and Ukrainian Finance Minister Serhiy Marchenko, Adeyemo encouraged the business leaders to support Treasury's efforts to aid Ukraine and bolster its economy, either by restarting existing ventures in the country or pursuing new opportunities, an agency official said. Adeyemo also encouraged the executives to provide resources to support Ukraine's reconstruction and financial needs.
archive reparations Mon Mar 28th, 2022, Wed Apr 13th, 2022
The dinner guests included representatives from Bank of America, Citigroup, Goldman Sachs, Mastercard, the Institute of International Finance[,] and the Business Roundtable.
[...]
Ukrainian officials came to Washington this week seeking a roughly $50 billion aid package to cover expected budget shortfalls over the next six months. While Western sanctions have sent the Russian economy and financial system into a tailspin, the war has also walloped Ukraine's economy, which officials said shrank an estimated 15 percent in the first quarter.

International Monetary Fund Managing [IMF] Director Kristalina Georgieva said at a Ukraine roundtable on Thursday that the fund estimates that "over the next two to three months some $5 billion a month may be needed simply to allow the government and the economy to continue to operate in the midst of the war."

archived Take the L, bro Tue Mar 1st, 2022, Mon Mar 14th, 2022
by Cat on Fri Apr 22nd, 2022 at 03:45:00 PM EST
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