US Treasury announces $500 mn economic aid package for Ukraine - News Summed Up

US Treasury announces $500 mn economic aid package for Ukraine


0 SHARES Share TweetWashington, United States, April 21 – The United States will provide Ukraine with a new $500 million infusion of aid to help the government in Kyiv continue paying salaries, pensions and providing services, a Treasury official said Thursday. The money follows another $500 billion package of support for Ukraine’s economy announced last month, and the official said Washington aims to get the aid to Kyiv as quickly as possible. Shmyhal this week said his government needs $5 billion a month just to continue operations amid the devastation of the nation’s economy. Western countries including the United States have stepped up aid to Ukraine in recent days as fighting rages in the country’s east and south, and the IMF and World Bank have rampd up support as well. The IMF has warned of economic devastation both in Ukraine and abroad from the war.


Source: Daily Nation April 21, 2022 16:41 UTC



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