The Wall Street JournalThe Wall Street Journal

Western countries look for more ways to help fund Ukraine’s reconstruction

By William Mauldin and Chelsey Dulaney

21 Jun 2023 · 3 min read

informed Summary

  1. The U.S. and U.K. have offered new funds to help Ukraine rebuild its economy after Russia's invasion last year.

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.

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