Friday, December 1, 2023
HomeBusinessU.S. to provide $1.3 billion of additional aid to Ukraine, says Blinken...

U.S. to provide $1.3 billion of additional aid to Ukraine, says Blinken By Reuters

Date:

Related stories

How to Choose the Right Hot Tub Size for Your Space and Needs

Selecting the ideal hot tub involves more than aesthetics...

Why Business Psychology Should Be at the Forefront of Every Organisation

Business psychology is an exciting and thriving field. By...

Choosing the Top Real-Money Games: Your Best 5-Minute Guide

Real-money gambling games can be super rewarding. Having spent...

How to Play the Aviator Casino Mini-Game: Your Best 2-Minute Guide

Aviator is a 10/10 casino game that has conquered...

Level Up Your Gambling Skills: Top 5 Games That Can Help Novices Advance

Welcome-welcome! Open the gate to the epic and thrilling...


© Reuters. U.S. Secretary of State Antony Blinken speaks during the Ukraine Recovery Conference at the Intercontinental O2 Hotel in London, Britain, June 21, 2023. REUTERS/Leah Millis/Pool

LONDON (Reuters) – The United States will send $1.3 billion more in aid to Ukraine to help the conflict-hit country overhaul its energy grid and modernise its ports, railways and other infrastructure, U.S. Secretary of State Antony Blinken said on Wednesday.

“Recovery is about laying the foundation for Ukraine to thrive as a secure, independent country, fully intergrated with Europe, connected to markets around the world,” Blinken told the Ukraine Recovery Conference in London.

“With the support of the U.S. Congress, we will provide more than $1.3 billion in additional aid to help Ukraine toward that goal.”

Of that amount, $520 million will go towards helping Ukraine overhaul its battered energy grid, while $657 million will be used to help modernise its border crossings, ports, rail lines and other critical infrastructure, Blinken said.

About $100 million will be used to help digitise Ukraine’s customs and other systems “to boost speed and to cut corruption” and another $35 million to help Ukrainian businesses through financing and insurance.

The new aid comes on top of more than $20 billion in economic and development assistance the United States has provided to Ukraine, Blinken said.



Source link

Bellie Brown
Bellie Brownhttps://businesstimes.org
Hi my lovely readers, I am Bellie brown editor and writer of Businesstimes.org. I write blogs on various niches such as business, technology, lifestyle., health, entertainment, etc as well as manage the daily reports of the website. I am very addicted to my work which makes me keen on reading and writing on the very latest and trending topics. One can check my more writings by visiting Cleartips.net

Latest stories