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The U.S. will provide Ukraine with an additional $500 million in budgetary assistance as part of its aid to the country battling the Russian invasion since February 24.
According to a White House report, the two nations’ presidents spoke over the phone for nearly an hour. In their latest communication, President Joe Biden and President Volodymyr Zelenskyy discussed U.S. efforts to provide military, economic and humanitarian assistance.
“In addition, President Biden informed President Zelenskyy that the U.S. intends to provide the Ukrainian government with $500 million in direct budgetary aid. He also reviewed the additional sanctions and humanitarian assistance announced last week.
“President Zelenskyy updated President Biden on the status of Ukraine’s negotiations with Russia,” the White House said in its statement.
The budgetary aid is aimed to keep the Ukrainian government and economy stable as Russia’s invasion enters its second month.
Last week, Biden announced the U.S. would provide an additional $1 billion in humanitarian aid to assist the millions of refugees who have fled Ukraine.
(With inputs from The White House)