US Treasury announces $500 million economic aid package for Ukraine

The United States will provide Ukraine with a new $500 million infusion of aid to help the government in Kyiv continue paying salaries, pensions and providing services, a Treasury official says.

The aid, which the official says is necessary to prevent the humanitarian situation in the country from growing more severe as Russia presses on with its invasion, will be announced by Treasury Secretary Janet Yellen during her meeting Wednesday with Ukrainian Prime Minister Denys Shmyhal and Finance Minister Sergiy Marchenko.

The money follows another $500 billion package of support for Ukraine’s economy announced last month, and the official says Washington aims to get the aid to Kyiv as quickly as possible.

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