Blinken pledges $1.3 billion for Ukraine's energy system and infrastructure
Photo: EPA

US Secretary of State Antony Blinken announced the US government's decision to allocate $1.3 billion to Ukraine for energy system repair and infrastructure development.

Stay updated with the latest news by following us on X (Twitter)

"The United States will provide Ukraine with an additional $1.3 billion," he said during a speech at the Ukraine Recovery Conference in London.

Half of this amount — $657 million will go towards the restoration of Ukraine's vital infrastructure, such as railways, ports, and border crossings.

Another $520 million is earmarked for the restoration of energy facilities damaged by Russia's air strikes.

In addition, the United States allocates $100 million to Ukraine for the digitization of Ukraine's customs systems to speed up operations and reduce the human factor.

At the London conference, United Kingdom announced a multi-year support package for Ukraine and the creation of a war risk insurance mechanism.

The European Union has announced that by the end of next month it will present a plan for the use of revenues from frozen Russian assets for the benefit of Ukraine.