Ukraine to receive $3.9 billion in non-refundable aid from US
Denys Shmyhal, Prime Minister of Ukraine (Vitalii Nosach, RBC-Ukraine)
The Cabinet of Ministers has approved the decision to secure a $3.9 billion grant from the United States. The funds will be channeled through the structures of the World Bank, according to Prime Minister Denys Shmyhal during a government meeting.
"The government will allocate this money for the salaries of rescuers, teachers, and medical workers, as well as for social support programs. We expect to receive this grant in the near future," he said.
Shmyhal also mentioned that Ukraine has met the second quarter 2024 indicators for the Ukraine Facility program.
"We have received a positive assessment from the European Commission. This concerns reforms in the budgetary, customs, anti-corruption, and energy sectors," the Prime Minister said, adding that Ukraine expects the next tranche of €4.1 billion from the EU in September this year.
Ukraine has not received aid from the US this year. In April, the US Congress approved a support package for Kyiv amounting to $61 billion, most of which will go to military assistance, with part allocated for budgetary support.
Since the beginning of the year, Ukraine has received $14 billion in budgetary support from the EU, IMF, and Western countries. Kyiv expects the total aid for the year to reach $38 billion. Next year, aid will decrease, but Ukraine might receive a $50 billion loan backed by frozen Russian assets.
