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US to provide additional $500 million in aid to Ukraine.

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Treasury Secretary Janet Yellen said the grant would go directly to Ukraine’s state budget to help stabilize the economy by providing social payments, pensions, and salaries. In total, the U.S. has announced $1 billion in grant aid to Ukraine since the beginning of Russia’s all-out invasion.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The budget foresees Hr 4.8 trillion ($115 billion) in expenditures and Hr 2.9 trillion ($70 billion) in revenues — meaning a deficit of 18.5% of GDP, according to Kyiv-based think tank Center for Economic Strategy (CES).

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