US Announces $1.5 Billion in New Aid for Ukraine at Swiss Peace Summit

Published on June 15, 2024

The Biden administration has unveiled a new $1.5 billion aid package for Ukraine’s energy sector and humanitarian situation as the embattled nation attempts to fend off Russia’s attack. The latest tranche includes $500 million in new funding for energy assistance and the redirecting of another previously announced $324 million in funds toward emergency energy infrastructure repair, through U.S. Department of State and U.S. Agency for International Development (USAID). Vice President Kamala Harris announced the new assistance package while attending the Ukraine Peace Summit in Lucerne, Switzerland, where she met with Ukrainian President Volodymyr Zelenskyy. “This funding will repair energy infrastructure damaged in the war, expand power generation, encourage private sector investment, and protect energy infrastructure,” USAID said in a statement on Saturday....

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