Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Politics

Ukraine receives $1.7 billion in new financial assistance - PM

FILE PHOTO: Ukrainian Prime Minister Denys Shmyhal speaks during the Ukraine Recovery Conference URC in Lugano, Switzerland July 5, 2022. Michael Buholzer/Pool via REUTERS/File Photo

Prime Minister Denys Shmyhal thanked the United States on Tuesday for its "incredible support" after Ukraine received a further $1.7-billion in international financial assistance.

Shmyhal confirmed receipt of a grant which he said on Saturday would come from a Single-Donor Trust Fund created by the World Bank's International Bank for Reconstruction, the International Development Association and the United States Agency for International Development (USAID).

"Grateful to U.S. & @POTUS (U.S. President Joe Biden) for incredible support," he wrote on Twitter on Tuesday.

He said on Saturday the non-refundable grant had been agreed "due to Russia's large-scale aggression against Ukraine" and would go towards state budget costs for medical services.

(Reporting by Aleksandar Vasovic, Editing by Timothy Heritage)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.