U.S. grows frustrated over Europe’s delayed economic aid to Ukraine

Tensions are rising between the United States and its Western allies over Ukraine’s deteriorating economy, as American officials increasingly prod the European Union to ramp up financial assistance to the war-torn country.

On several occasions this week during meetings of global financial leaders in Washington, Treasury Secretary Janet L. Yellen called on her international counterparts to accelerate both the speed and amount of money going to Ukraine. Yellen was joined in that push by Ukraine President Volodymyr Zelensky and Ukrainian Prime Minister Denys Shmyhal, who virtually addressed a World Bank meeting of top financial officials on Wednesday.

Yellen also raised the issue at a private meeting this week at the International Monetary Fund with European Commission Executive Vice President Valdis Dombrovskis and European Economy Commissioner Paolo Gentiloni, according to a person familiar with the matter who spoke on the condition of anonymity to describe private meetings. She raised the issue again at a subsequent meeting of all E.U. finance ministers, the person said.

In the Ukraine war, a battle for the nation’s mineral and energy wealth

New projections from the World Bank last week suggest that Ukraine’s economy will contract by 35 percent this year, and the country’s financial officials say inflation could hit 40 percent early next year — close to economists’ definition of “hyperinflation.” Even as the situation on the battlefield has turned in…

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