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US has provided Ukraine with over $64 billion in military aid since start of full-scale invasion, Umerov says

The U.S. government has provided Ukraine with military aid worth over $64 billion since the beginning of Russia's full-scale invasion in 2022, Ukraine's Defense Minister Rustem Umerov said on Oct. 21 at a joint press briefing with U.S. Defense Secretary Lloyd Austin. The Pentagon chief arrived in Kyiv earlier in the day in a surprise […]

Ukraine

October 21, 2024

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Ukraine's foreign budget support surpasses $100 billion since start of full-scale war

Since the start of Russia's full-scale invasion in February 2022, Ukraine has received over $100 billion in foreign-backed external financing to support Ukraine's state budget, the country's finance ministry announced on Nov. 15. In addition to military aid to support Ukrainian military efforts along its eastern border, Western countries and institutions have helped to finance […]

Ukraine

November 15, 2024

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UK to provide Ukraine with $2.9 billion military loan, to be repaid with proceeds from frozen Russian assets

London will provide Ukraine with a loan worth £2.26 billion ($2.9 billion) backed by profits from frozen Russian assets, the U.K. government announced on Oct. 22. The funds are the U.K.'s contribution to the Group of Seven (G7)'s initiative to provide Kyiv with a $50 billion loan by the end of the year, which will […]

Ukraine

October 22, 2024

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Drone coalition to gather $1.8 billion by end of 2024, defense minister says

The international drone coalition is planning to gather 1.8 billion euros ($1.8 billion) by the end of 2024 to support Ukraine, Defense Minister Rustem Umerov announced on Nov. 25. "This decision will allow Ukraine to strengthen its technological advantage on the battlefield and destroy the enemy more effectively," Umerov said. An allied initiative, co-headed by […]

Ukraine

November 25, 2024

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Ukraine receives $1.1 billion from IMF

Ukraine has received a tranche of nearly $1.1 billion from the International Monetary Fund (IMF) after the successful completion of the fifth programme revision, Prime Minister Denys Shmyhal said on Oct. 23. "The funds will be used to cover important non-military budget spending," Shmyhal said. Foreign aid is crucial for Ukraine as the economic pressure […]

Ukraine

October 23, 2024

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Biden asking US Congress for $24 billion in Ukraine aid, arms replenishment, Politico reports

U.S. President Joe Biden is quietly asking the U.S. Congress to greenlight an additional $24 billion in assistance to Ukraine and to replenish provided weapons before he leaves office, Politico Pro reported on Nov. 26, citing an obtained document. The news comes amid the Biden administration's efforts to ship in as much aid to Ukraine […]

Ukraine

November 27, 2024

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Ukraine risks delay in receiving $4.3 billion instalment from EU's Ukraine Facility due to reform shortcomings, Foreign Ministry says

Deputy Foreign Minister Yevhen Perebyinis issued a letter to cabinet ministers on Oct. 23 warning that the European Union has notified Ukraine that the next tranche of 4 billion euros ($4.3 billion) from the EU's Ukraine Facility may be delayed until next year unless expected aspects of corruption reforms are completed by the end of […]

Ukraine

October 23, 2024

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Ukraine receives $4.8 billion from World Bank

Ukraine has received a $4.8 billion loan from the World Bank through the PEACE project for social expenditures, Prime Minister Denys Shymhal said on Nov. 27. "We are very grateful to the United States and the development partners who are financing assistance under the PEACE project," Shmyhal said on X. As the ongoing full-scale Russian […]

Ukraine

November 27, 2024

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US to provide $20 billion loan to Ukraine as part of G7 pledge

The U.S. will allocate $20 billion to Ukraine as part of a $50-billion pledge by the Group of Seven (G7), President Volodymyr Zelensky announced on Oct. 23 in his evening address. During the June G7 summit in Italy, G7 leaders publicly confirmed the plan to provide Ukraine with a $50 billion loan by the end […]

Ukraine

October 23, 2024

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Ukraine, EU sign agreement on up to 35 billion euro loan covered by Russian assets revenue

Ukraine's Finance Ministry and the EU signed a memorandum and an agreement to attract up to 35 billion euros ($36.7 billion) as part of the G7 loan, the ministry said on Dec. 4. The European Commission unveiled the 35-billion-euro loan in September within the framework of the G7's broader $50 billion loan, which is covered […]

Ukraine

December 4, 2024

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G7 to provide Ukraine $50 billion in loans backed by frozen Russian assets

The Group of Seven (G7) has reached an agreement to provide Ukraine with approximately $50 billion in loans backed by the revenue from foreign Russian assets, the G7 announced on Oct. 25. "Our aim is to begin disbursing the funds by the end of the year," a statement from the G7 leaders read. During the […]

Ukraine

October 25, 2024

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Blinken confirms Ukraine to receive $50 billion transfer from frozen Russian assets

Ukraine is set to receive $50 billion in frozen Russian assets held by the United States and the European Union, U.S. Secretary of State Antony Blinken announced on Dec. 4. Blinken confirmed during a briefing that the transfer is part of a coordinated effort between the U.S. and EU to support Ukraine. "Making sure that […]

Ukraine

December 4, 2024

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