Ukraine receives $1.25bn from the US: what the money will be used for
The Ukrainian state budget received $1.25 billion in grant money from the United States.
This was reported by the Ministry of Finance of Ukraine.
It is noted that the funding was provided as part of the fourth supplementary financing for the Public Expenditure Support for Sustainable Public Administration in Ukraine (PEACE) project.
The partnership with the US and the World Bank's wartime team allows the Ukrainian government to finance priority social expenditures in full. At the same time, aid in the form of grants does not increase the debt burden and helps stabilize the financial system," Ukrainian Finance Minister Serhiy Marchenko said.
The ministry said that the funds received today will be used to pay IDPs, salaries of health workers and payments to employees of the State Emergencies Service.
Eugenia Ruban writes about political and economic news. She looks at large-scale phenomena in Ukrainian politics and economics from the perspective of how they will affect ordinary Ukrainians.
Related news
The President of Lithuania may act as a mediator between Ukraine and Poland
US citizens’ trust in the federal government has fallen to a record low, according to a survey
"I work at a supermarket checkout because I don't want to be woken up by patients calling at night." How Ukrainians work in Poland now
Russia has little time left, Europe even less. What the Western media say about the possible end of the war
Popular news
Scientists have discovered that power among the Scythians was passed down through the family line
Why children’s accounts of the trauma they have experienced may vary
News about war
3 July has been declared a day of mourning in Kyiv. The number of dead and injured is rising
Ukrainians have to help wounded during Russian shelling on their own
