US and Britain Provide $530 Million of Funds to Ukraine

Ukraine received around $530 million of funds for donations from the U.S. and Britain through the World Bank in the wake of Russia’s invasion.

The U.S. donated around $500 million, while Britain donated roughly $30 million. The fund will arrive in Kyiv in the state of budget, according to the statement from the finance ministry on Thursday.

“These funds will be directed to providing urgent social, humanitarian and health spending, as well as supporting internally displaced people,” the statement said.

On Thursday, the U.S. Senates approved a nearly $40 billion military and humanitarian aid package to send to Ukraine, which will be sent to President Joe Biden to sign while he is in South Korea for his Asia trip.

Other countries in the Group of Seven (G7) also agreed to provide over $18 billion in funds to Ukraine as well.