LONDON—The U.S. and U.K. on Wednesday offered new funds to help Ukraine rebuild its economy after Russia’s invasion last year, joining the European Union in a broad effort to harness money from other countries, private investors and even frozen Russian assets to ensure Ukraine’s economic survival.
The U.S. offered $1.3 billion in additional funds for Ukraine’s economy, led by energy and infrastructure investments, Secretary of State Antony Blinken said at a two-day conference in London to mobilize commitments for the country’s reconstruction. The U.K., meanwhile, offered 240 million pounds, equivalent to $306.4 million, in direct assistance to Ukraine and pledged to guarantee $3 billion of loans from the World Bank over the next three years.