Volodymyr Zelenskyy said he is 'grateful' for Washington's approval of a huge aid package, with weapons potentially being sent this week as Ukraine hopes to turn the tide on the battlefield following a successful winter for Russia.
Ukraine has received a new €1.5bn package of financial support from the EU, with hopes of another €10bn later this year.Finance minister Serhiy Marchenko said the EU, which has provided Ukraine with €31bn, has become the biggest donor of budget financing to Ukraine.Ukraine faces a $37bn budget deficit this year and relies heavily on financial aid from its Western partners.Kyiv uses most of its state revenues to fund defence efforts as its troops fight a larger and better equipped Russian army.
Ukraine's first deputy prime minister, Yulia Svyrydenko, said the government looked forward to final approval of the EU's Ukraine Facility lending program worth €50bn and hopes for three more tranches this year.She said following final approval, Kyiv would be able to receive €1.89bn in June and two more instalments worth about €4bn in September and November.
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