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U.S. to provide more than $10 billion in financial support to Ukraine

Feb 24, 2023

The State Department, together with the U.S. Agency for International Development (USAID) and the Treasury Department on Friday announced more than $10 billion in aid to Ukraine.

The State Department said in a statement.

Most of the funds, $9.9 billion, are allocated by the states in the form of grants through the World Bank's Public Expenditure for Administrative Capacity Enhancement (PEACE) mechanism.

"These funds are critical to Ukraine during its defense against Russia and will ensure the Ukrainian government's ability to continue to meet the immediate needs of its citizens, particularly health care, education, and emergency services," the agency explained.

Additionally, the U.S. will provide another $250 million to help Ukraine's energy system. The funds will help provide schools, generators for hospitals, and heating in homes and orphanages across Ukraine.

"This aid is in addition to the $270 million that the United States has already allocated to strengthen Ukraine's energy security over the past year," the State Department clarified.

Author - Olena Madiak, 24/02/2023

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