11 Oct 2023 19:36

Ukraine receives another $1.2 bln U.S. grant - finance minister

MOSCOW. Oct 11 (Interfax) - Ukraine received another tranche of U.S. grant assistance totaling $1.2 billion on Wednesday, Ukrainian Finance Minister Sergei Marchenko said on social media.

"Today, Ukraine received a tranche of $1.2 billion, thus, U.S. direct budget support has reached $10.9 billion in 2023," Ukrainian media quoted him as saying.

Marchenko thanked U.S. Department of the Treasury Under Secretary for International Affairs Jay Shambaugh for this unprecedented financial support as they met in the Moroccan capital of Marrakesh as part of the Annual Meetings of the World Bank Group and International Monetary Fund.

As reported, Ukraine expects to receive another $3.3 billion in direct budget support from the U.S. this year, but the decision to allocate the funds has not been made yet due to the crisis in Congress.