Wednesday, November 20

The United States announces million-dollar aid to rebuild Ukraine: warns Russia that it will end up paying for the invasion

The opinion

By: The opinion Posted Jun 21, 2023, 1:22 pm EDT

Anthony Blinken, United States Secretary of Stateannounced a new economic aid for the reconstruction of Ukraineand assured that Russia will end up paying for the invasion of the Eastern European country.

Blinken announced an aid from An additional $1.3 billion, earmarked for the reconstruction of Ukraine, which was invaded by Russian troops since February 2022.

These resources add to $63 billion delivered to Ukraine since the Russian invasion began.

The senior official in the administration of President Joe Biden made the announcement during an international conference on the reconstruction of Ukraine, held in London, England, where more than 60 countries participated.

Issue warning to Russia

Blinken specified that the new financing will be used to boost Ukraine’s economy, especially essential infrastructure.

“As long as Russia continues to destroy, we will be there to help Ukraine rebuild; rebuild lives, rebuild their country, rebuild their future”specified the head of US diplomacy.

“Let’s be clear: Russia is causing the destruction of Ukraine, and Russia will end up bearing the cost of rebuilding Ukraine.”highlighted Blinken, who was applauded by those present.

During your participation via videoconference Volodymyr ZelenskyPresident of Ukraine, thanked the participating countries for supporting his country.

He detailed the destination of the resources

Blinken explained some details of how the additional $1.3 billion will be distributed to Ukraine, for example, he specified that $657 million dollars will be to improve the railway lines, ports, border crossings and other infrastructure in Ukraine that can help increase trade with Europe.

One $520 million dollars They will help check the power grid, which has been badly affected by the Russian invasion.

Meanwhile, the World Bank stressed that it is necessary $14 billion to cover the immediate needs of Ukraine, and to be able to repair the damages caused by the war.

However, in a study that was released recently, in which the World Bank also participated together with the UN, the European Union and the Zelenski government, he estimated that se require at least $441 billion for a deeper recovery of Ukraine.

This figure will continue to increase as the time of the Russian invasion of Ukraine continues, the report highlights.

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