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Asharq Al-Awsat

World

Asharq Al-Awsat

US Disburses $1.3 bn of Promised Aid to Ukraine

Ukraine Janet Yellen Vladimir Putin Treasury Department Joe Biden World Bank Economy Russia

Ukrainian servicemen taking part in the armed conflict with Russia-backed separatists in Donetsk region of the country attend the handover ceremony of military heavy weapons and equipment in Kiev on November 15, 2018. Sergei Supinsky | AFP | Getty Images

The US Treasury Department announced Wednesday the transfer of $1.3 billion in economic aid to Ukraine as part of the initial $7.5 billion promised to Kyiv by the Biden administration in May.

"With this delivery of economic assistance, we reaffirm our resolute commitment to the people of Ukraine as they defend themselves against Putin's war of aggression and work to sustain their economy," Treasury Secretary Janet Yellen said in a statement.

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