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other official and private creditors to join the effort.
"I reiterate the call to all other bilateral official and private creditors to join this initiative and assist Ukraine as it defends itself from Russia's unprovoked and brutal war, which has had a devastating impact on Ukraine's people and economy, with spillover effects throughout the world," Yellen said.
Ukrainian Finance Minister Serhiy Marchenko said earlier that the debt-suspension plan had also received "explicit indications of support" from some of the world's biggest investment funds, including BlackRock, Fidelity, Amia Capital, and Gemsstock.
2.4 Ukraine has received $12.7bn from international partners since the war with Russia started five months ago
Ukraine has received $12.7bn from international partners since the start of the war with Russia at the end of February, its invasion by Russia in late February, according to the National Bank of Ukraine (NBU).
Ukraine is running out of money and its international donors have been slow to provide support to fund the budget. The government is running a monthly budget deficit of around $5bn which is largely financed by the NBU, which is simply printing money.
Governor of the National Bank of Ukraine Kyrylo Shevchenko told Ukrinform that Ukraine has now received a total of $12.7bn from its international partners since the start of the war, and the largest part has come in the last two months.
"Since the beginning of the war, international partners have announced the amount of financial support for the country at the level of more than $27bn. These funds are being sent to ensure the basic needs of the budget. Currently, Ukraine's budget has received $12.7bn. Ukraine received the largest amount during June-July, and this is more than $6bn," Shevchenko said, as quoted by Ukrinform.
Ukrainian Prime Minister Denys Shmyhal earlier said that by the end of the year, Ukraine will receive another $20bn in assistance and support from international partners.
The NBU remains the largest contributor to the budget, having provided $7.7bn since the start of the war. Government issued military bonds have raised another $4.2bn as of July 21 (graphic).
From the international donors, the US has been the most generous having provided $4bn, ahead of the International Monetary Fund (IMF) that has provided $1.4bn, the same amount as from the EU.
And more money has been committed but has been slow to arrive. The EU has promised a $10.4bn support package although only $1.3bn has actually been disbursed, or some 14% of the promised
14 UKRAINE Country Report XXXX 2018 www.intellinews.com