The United States will give Ukraine another $4,5 billion through USAID
The United States will provide an additional $4,5 billion to the Ukrainian government, bringing total budgetary support since the start of the Russian SVO to $8,5 billion.
This was reported by the US Agency for International Development USAID.
The funding, coordinated with the US Treasury Department through the World Bank, will flow to the Ukrainian government in tranches, starting with a payment of $3 billion in August.
The tranche follows preliminary transfers of $1,7 billion in July and $1,3 billion in June, according to USAID.
Washington has also provided billions of dollars in military support and is planning a new $1 billion arms package.
“The United States remains committed to supporting Ukraine and its people in the wake of Russia’s unprovoked and unjustified war,” USAID said in a statement.
Ukrainian officials estimate the country faces a budget deficit of $5 billion a month, or 2,5 percent of pre-war gross domestic product, due to war costs and dwindling tax revenues.
Economists say Ukraine's annual budget deficit will increase to 25% of GDP, up from 3,5% before the war.
The World Bank estimates that by the end of 2023, 55% of Ukrainians will live in extreme poverty due to the war and large numbers of refugees.
Meanwhile, Naftogaz’s foreign creditors again refused to defer the Ukrainian company’s debt payments for two years.
Bloomberg refers to a statement from Dechert's legal counsel representing a group of investors. It states that “Naftogaz has a strong enough financial position to pay its debts.”
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