The United States has announced new economic aid to Ukraine, how much money has it contributed?

The United States has announced new economic aid to Ukraine, how much money has it contributed?

The war between Russia and Ukraine continues to attract the attention of the world. The United States is no stranger to this situation and therefore has decided to shell out an additional $ 500 million in economic aid to support the Eastern European country, a US Treasury official told AFP on Thursday.

The Secretary of the Treasury, Janet Yellen, will speak this Thursday, April 21, with the Ukrainian Prime Minister, Denis Shmihal, during a meeting in Washington.

This aid, which needs congressional approval, will allow Ukraine to maintain a functioning government, such as paying wages and pensions, and preventing the current humanitarian reality from worsening.

Ukraine, invaded by Russia on February 24, is suffering enormous economic problems after the destruction of infrastructure, the closure of businesses and the reduction of activity. The war also affected the important agricultural sector considerably.

Additionally, Ukrainian officials have informed the International Monetary Fund (IMF) that they need $ 5 billion a month to keep the country’s economy running. The IMF expects a 35% contraction of the current nation’s GDP this year.

US Deputy Treasury Secretary Wally Adeyemo will also attend Thursday’s meeting, as well as Ukrainian Finance Minister Sergey Marchenko, who attended the G20 meeting on Wednesday despite Ukraine not being a member.

Likewise, it is worth mentioning that several G20 finance ministers and central bank governors have dropped out of plenary session or turned off their screens to protest Russia’s presence.

* With information from AFP.