Home Business The US Grants Ukraine $1.25 Billion in Aid

The US Grants Ukraine $1.25 Billion in Aid

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The Ministry of Finance of Ukraine has confirmed receipt of a US $1.25 billion grant.

The Ukrainian ministry indicated that the funds will be used to cover budget expenditures, in particular for the payment of wages and social pensions.

The Treasury Department added that it received a total of $6 billion in financial support from the US in 2023.

In this regard, the International Monetary Fund announced on Tuesday that its Board of Executive Directors will consider providing Ukraine with a second tranche of a $900 million loan under the Extended Borrowing Facility agreed in March last year.

Source: TASS

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