April 21, 2022
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12:26Now Playing(Apr. 21) Watch live as President Joe Biden delivers remarks on Russia's invasion of Ukraine on Thursday, April 21, 2022, in Washington, D.C.
The United States will provide an additional $500 million in financial assistance to Ukraine to help it sustain salaries, pensions and other government programs, a Treasury official said, while the beleaguered country fends off Russia’s invasion.
The official was not authorized to speak publicly ahead of the announcement on Thursday, when Treasury Secretary Janet Yellen is scheduled to meet with Ukrainian Prime Minister Denys Shmyhal, along with Deputy Secretary Wally Adeyemo and Ukrainian Finance Minister Serhiy Marchenko.
The new funding comes on top of $500 million in economic aid that President Joe Biden unveiled in March.
The announcement comes against the backdrop of International Monetary Fund and World Bank spring meetings dominated by conversations over how to manage the spillover from Russia’s war in Ukraine.
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