Kyiv, 23 June 2023 (TDI): The United States Secretary Antony Blinken participated in the 2023 Ukraine Recovery Conference in London.
The Ukraine Recovery Conference, collaboratively hosted by the United Kingdom and Ukraine, is aimed at mobilizing international support for Ukraine’s economic and social stabilization from the impact of the war.
Speaking at the Conference, Secretary Blinken notes that the United States plans to support Ukraine with an additional $1.31 billion to help Ukraine recover from the adverse impact of the ongoing war.
It is worth noting that the World Economic Situation and Prospects 2023 had earlier presented the adverse effects of the Russia-Ukraine war on the Ukrainian economy.
Hence, the funding from the United States includes general economic assistance, assistance to repair and modernize Ukraine’s energy infrastructure and the energy sector.
Meanwhile, the United States believes that a just and lasting peace for Ukraine will be forged not only through long-term military capability but also through the strength of its economy, democracy, and people.
The scope of the support the United States has provided to Ukraine alongside other international partners shows the importance of Ukraine to the Euro-Atlantic community.
For instance, the Multi-agency Donor Coordination Platform, launched in January after a G7 Leaders’ commitment, is serving as the key mechanism for coordinating early recovery and reconstruction support for Ukraine.
The new funding announcement is in addition to the approximately $63 billion of U.S. assistance provided to Ukraine since February 24, 2022.
Economic and Development Assistance
The United States has provided approximately $19.3 billion in budget support for the government of Ukraine since February 24, 2022, through the World Bank mechanisms.
The US has also provided over $2.1 billion in humanitarian assistance for the Ukraine response within Ukraine and in the region.
This comes in the dimension of shelter, safe drinking water, winterization services, sanitation, hygiene supplies, protection services, emergency health supplies, and emergency food assistance.
In the aspect of security, the United States Government has provided more than $40 billion since February 24, 2022.