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U.S. Secretary of State Antony Blinken announced $1.3 billion in additional aid for Ukraine on Wednesday at a conference aimed at encouraging private companies to invest in the country's reconstruction.
"Recovery is about laying the foundation for Ukraine to thrive as a secure, independent country, fully integrated with Europe, connected to markets around the world," Blinken told the Ukraine Recovery Conference in London.
"With the support of the U.S. Congress, we will provide more than $1.3 billion in additional aid to help Ukraine toward that goal."
Of that amount, $520 million will go towards helping Ukraine overhaul its battered energy grid, while $657 million will be used to help modernize its border crossings, ports, rail lines and other critical infrastructure, Blinken said.
About $100 million will be used to help digitize Ukraine's customs and other systems "to boost speed and to cut corruption" and another $35 million to help Ukrainian businesses through financing and insurance.
The new aid comes on top of more than $20 billion in economic and development assistance the United States has provided to Ukraine, Blinken said.
(With input from Reuters)
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Disinformation report hotline: 010-85061466