US Treasury allocates another $4.5 billion in direct budget support to Ukraine
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The United States has provided Ukraine with $4.5 billion in direct budget support, Treasury Secretary Janet Yellen said.
“These funds will begin disbursing in the coming weeks and will help the government of Ukraine defend against Russia’s illegal military actions by bolstering economic stability and supporting key government services, including salaries for hospital workers, government employees, teachers, and social benefits for the elderly and other vulnerable populations. ,” Yellen points out.quote according to RIA Novosti).
The Minister also called on other countries to accelerate and increase support for Ukraine. Direct budget support to Ukraine from the United States has reached $13 billion.
Earlier today Ukrainian authorities reported about receiving another 2.5 billion euros of financial assistance from the EU. The total amount of macro-financial assistance provided to Ukraine since February 24 has reached 6.7 billion euros.
The EU intends to disburse most of the promised financial assistance to Ukraine in 2023 in the amount of 18 billion euros in the form of loans with a 10-year grace period, which is planned to be repaid quarterly. It is expected that the amount of 18 billion euros of loans and grants should cover about half of the Ukrainian budget deficit in 2023.
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