Situation in Ukraine

USAID to provide additional $4.5 billion to Ukraine via the World Bank

by Daily Sabah

The United States will provide an additional $4.5 billion to Ukraine’s government, bringing its total budgetary support since Russia’s February invasion to $8.5 billion, the U.S. Agency for International Development (USAID) said on Monday.

The funding, coordinated with the U.S. Treasury Department through the World Bank, will go to the Ukraine government in tranches, beginning with a $3 billion disbursement in August, USAID said.

It follows previous transfers of $1.7 billion in July and $1.3 billion in June, USAID said. Washington has also provided billions of dollars in military and security support. The Pentagon announced a $1 billion arms aid package on Monday, in the biggest yet delivery of rockets, ammunition and other arms straight from Department of Defense stocks for Ukrainian forces.

Read the full story on Daily Sabah

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Daily Sabah
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