The announcement of the aid package will take place on Wednesday at a conference on the reconstruction of Ukraine, which is taking place in London.
The UK government is set to announce a “historic financial support package for Ukraine” that includes $3bn in World Bank loan guarantees and £240m ($305m) in aid. On Tuesday, June 20, the press service of the British government.
The document says the money will be used to strengthen Ukraine’s economic stability, to support essential public services, including the cost of maintaining schools and hospitals.
According to British Prime Minister Rishi Sunak, this is “the first bilateral package of multi-year fiscal assistance provided by a G7 country, underscoring the UK’s unwavering commitment to the country now and into the future.”
According to the document, British non-military aid to Ukraine will amount to more than 4.7 billion pounds sterling (more than 6 billion dollars), including 4.1 billion pounds sterling (more than 5.23 billion dollars) in financial support and 640 million pounds sterling (about 817 million dollars) as bilateral aid.
Part of the money should be spent on demining Ukrainian territory, combating the elements, energy projects, as well as financing UN and Red Cross activities.
The UK will allocate £16m ($20.5m) to Ukraine to boost cyber defences.
The Federal Government of Austria will allocate an additional 18 million euros to help Ukrainians affected by the Russian invasion.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.