Espreso. Global

Ukraine secures $3.9 billion grant from US: breakdown

Lina Mostavlyuk
23 July, 2024 Tuesday
17:57

On Tuesday, July 23, the Cabinet of Ministers of Ukraine approved a $3.9 billion grant from the United States

client/title.list_title

This news was reported on the Ukrainian government portal.

The grant, totaling $3.9 billion from the United States, will be funneled through World Bank structures. The funds are expected to arrive shortly.

Prime Minister Denys Shmyhal announced that the funds will be allocated for the salaries of rescue workers, teachers, and doctors, as well as for social support programs.

Shmyhal also mentioned that after prolonged negotiations, Ukraine has reached an agreement with creditors to restructure its foreign debt.

"Thanks to these agreements, Ukraine will save $11.4 billion in payments over the next three years. I am grateful to the Ministry of Finance team for this crucial work," the Prime Minister stated.

  • The EU will transfer the first tranche of 1.4 billion euros from frozen Russian assets for purchasing weapons for Ukraine in early August.
Tags:
Read also:
  • News
2024, Wednesday
13 November
21:30
Exclusive
Kurakhove could become “meat grinder” draining Russian resources - military analyst
21:11
Exclusive
Russian forces test Ukraine’s air defense during combined attacks – Defense Express
20:56
Trump expected to appoint Ukrainian peace envoy soon - media
20:35
Russians dressed in Ukrainian uniforms attempt to break through defense in Kupyansk sector
20:11
Exclusive
Part of Ukraine's environment cannot be restored after war - ecologist
19:50
Exclusive
Strong Ukraine is important for Poland, regardless of U.S. elections - Polish MP
19:29
Exclusive
Analyst: Putin’s refusal to negotiate with Trump could be beneficial for Ukraine
19:07
Are there direct threats to Ukraine's city of Zaporizhzhia?
18:43
Exclusive
Ukrainian journalist warns of consequences as Russia expands influence in post-Soviet space
18:21
2 people killed, 7 wounded in Donetsk region due to Russian shelling
18:02
Russian forces attack in 11 frontline sectors: 97 combat engagements recorded
17:40
Exclusive
Polish companies may build generation in Ukraine: MP Gerus on energy projects
17:20
Exclusive
Polish lawmakers on rebuilding Ukraine: "Poland knows how, wants greater involvement"
16:57
246 children remain in Pokrovsk community, Donetsk region, evacuation ongoing
16:36
Updated
20 million cubic meters of water spill from Kurakhove Reservoir after Russian strike
16:30
"Russian warship, go f*** yourself" can’t be trademarked - EU court
16:20
Exclusive
Green transition, gas projects strengthen Ukraine-Poland partnership in global competition
16:10
Exclusive
November 6-13 live war map: encirclement tightens around Kurakhove
15:51
Ukraine's MoD tests new models of camouflage, winter suits for military
15:34
Exclusive
Russian forces to launch offensive on Pokrovsk if Kurakhove falls - military analyst
15:15
UK intelligence predicts rising inflationary pressure on Russia's economy in 2025
14:57
Russia attacks Ukraine's Kharkiv with drones, causing casualties
14:38
U.S. to ramp up support for Ukraine amid Trump’s incoming presidency, says Blinken
14:19
Ukraine eliminates Russia’s Black Sea Fleet chief of staff in Sevastopol
14:00
Exclusive
Ukraine's reconstruction costs estimated at $500 billion - Via Carpatia forum
13:41
Situation in Ukraine's Kurakhove worsens, evacuation of residents prepared in advance
13:25
OPINION
'Peace in January' is unrealistic
13:03
Trump's 'peace plans' do not change Russia's intent to destroy Ukraine - MP Kniazhytskyi
12:44
West African commissioner accuses Ukraine of genocide in Donbas, Kyiv responds
12:21
OPINION
Putin builds new Berlin wall
12:02
Trump's latest appointments spark optimism among Ukraine’s backers
11:43
Russia claims to have downed 29 UAVs: enterprise damaged in Voronezh region
11:26
Updated
Russia launches combined attack on Ukraine: explosions rock Kyiv, Sumy regions
11:07
Ukrainian guerrillas locate Russian military HQ, EW units, warehouses in Moscow region
10:49
162 clashes occur at front on Nov. 13: Ukrainian army repels 20 attacks in Kursk region - General Staff
10:28
Exclusive
Trump can resolve Russian problem for at least one generation - Ukrainian diplomat
10:10
Russian troops advance in several directions in Ukraine's Donetsk region - DeepState
09:54
U.S. delivers 83% of promised ammo, 67% of air defense aid to Ukraine, says Pentagon
09:35
Russia loses 1,770 soldiers, 56 artillery systems, 24 tanks in one day of war in Ukraine
2024, Tuesday
12 November
21:00
Ukrainian ombudsman explains Russia's increasing POW executions
More news