Ukraine expects $3.9 billion in budget support from the US in the coming weeks - Shmyhal
Kyiv • UNN
The Prime Minister of Ukraine announced that he expects $3.9 billion in direct budget support from the United States in the coming weeks. They also discussed energy aid and the use of frozen Russian assets.
Ukraine expects $3.9 billion - the first installment of direct budget support from the United States - in the coming weeks. Prime Minister of Ukraine Denys Shmyhal said this after a meeting with US Special Representative for Ukraine's Economic Recovery Penny Pritzker, UNN reports.
"Ukraine is grateful for the $7.85 billion in direct budget support to come from the United States this year. We expect the first $3.9 billion in the coming weeks," Shmyhal said.
He also emphasized the introduction of a systematic approach to financing economic recovery projects.
"The first meeting of the Strategic Investment Council under the Government of Ukraine has already taken place, and within two months we plan to approve the list of public investment projects for 2025 and submit it to our partners," the Prime Minister said.
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The Prime Minister also thanked the United States for announcing $500 million in new funds for energy assistance and redirecting the previously announced $324 million for emergency energy needs in Ukraine. "Support for the energy sector is critical for us today to restore what the enemy has destroyed.
"I thanked the United States for supporting the decision of the G7 countries to provide Ukraine with $50 billion from future revenues from the frozen assets of the Russian Federation. We discussed the implementation of this initiative. It is important for us that the funds are available to Ukraine as early as 2025 and that we have the opportunity to use them for all critical needs, including the military.
They also discussed the work of the Multi-Donor Coordination Platform. Our priorities remain the financing of budget expenditures, recovery projects and energy support," Shmyhal summarized.
