AGL 39.02 Decreased By ▼ -0.98 (-2.45%)
AIRLINK 129.16 Increased By ▲ 0.10 (0.08%)
BOP 6.74 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.70 Increased By ▲ 0.21 (4.68%)
DCL 8.45 Decreased By ▼ -0.10 (-1.17%)
DFML 41.05 Increased By ▲ 0.23 (0.56%)
DGKC 81.25 Increased By ▲ 0.29 (0.36%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 74.84 Increased By ▲ 0.41 (0.55%)
FFL 11.76 Increased By ▲ 0.02 (0.17%)
HUBC 109.73 Increased By ▲ 0.15 (0.14%)
HUMNL 13.90 Increased By ▲ 0.15 (1.09%)
KEL 5.29 Decreased By ▼ -0.02 (-0.38%)
KOSM 7.79 Increased By ▲ 0.07 (0.91%)
MLCF 38.63 Increased By ▲ 0.03 (0.08%)
NBP 64.73 Increased By ▲ 1.22 (1.92%)
OGDC 193.50 Decreased By ▼ -1.19 (-0.61%)
PAEL 25.60 Decreased By ▼ -0.11 (-0.43%)
PIBTL 7.38 Decreased By ▼ -0.01 (-0.14%)
PPL 155.30 Decreased By ▼ -0.15 (-0.1%)
PRL 25.55 Decreased By ▼ -0.24 (-0.93%)
PTC 17.58 Increased By ▲ 0.08 (0.46%)
SEARL 79.10 Increased By ▲ 0.45 (0.57%)
TELE 7.80 Decreased By ▼ -0.06 (-0.76%)
TOMCL 33.66 Decreased By ▼ -0.07 (-0.21%)
TPLP 8.55 Increased By ▲ 0.15 (1.79%)
TREET 16.30 Increased By ▲ 0.03 (0.18%)
TRG 57.98 Decreased By ▼ -0.24 (-0.41%)
UNITY 27.70 Increased By ▲ 0.21 (0.76%)
WTL 1.40 Increased By ▲ 0.01 (0.72%)
BR100 10,515 Increased By 70.1 (0.67%)
BR30 31,190 Increased By 1 (0%)
KSE100 98,402 Increased By 603.8 (0.62%)
KSE30 30,681 Increased By 200 (0.66%)

LONDON: The United States will send $1.3 billion more in aid to Ukraine to help the conflict-hit country overhaul its energy grid and modernise its ports, railways and other infrastructure, US Secretary of State Antony Blinken said on Wednesday.

“Recovery is about laying the foundation for Ukraine to thrive as a secure, independent country, fully intergrated with Europe, connected to markets around the world,” Blinken told the Ukraine Recovery Conference in London.

“With the support of the US Congress, we will provide more than $1.3 billion in additional aid to help Ukraine toward that goal.”

Of that amount, $520 million will go towards helping Ukraine overhaul its battered energy grid, while $657 million will be used to help modernise its border crossings, ports, rail lines and other critical infrastructure, Blinken said.

Blinken says US, China both want to ‘stabilise’ ties

About $100 million will be used to help digitise Ukraine’s customs and other systems “to boost speed and to cut corruption” and another $35 million to help Ukrainian businesses through financing and insurance.

The new aid comes on top of more than $20 billion in economic and development assistance the United States has provided to Ukraine, Blinken said.

Comments

Comments are closed.