UK unveils $3 billion backing for Ukraine reconstruction, and US blames Russia for 'record-breaking' increase in number of refugees as fighting enters its 483rd day Follow our live coverage👇
Ukrainian servicemen fire a T-80 main battle tank allegedly captured earlier from Russian troops, in a field near the frontline town of Bakhmut. / Photo: ReutersThe UK will back Ukraine's economy to the tune of $3 billion over the next three years while it fights back against Russian forces, Prime Minister Rishi Sunak has announced.
Downing Street said Ukraine's GDP has taken a 29 percent hit since the start of the invasion in February last year, with Russia targeting the economy as well as its towns and cities. The value of the accounting error was revised up from the $3 billion that was first reported by Reuters in May, the result of assigning a higher-than-warranted value on US weaponry shipped to Ukraine.
The $6.2 billion breaks down to $3.6 billion for fiscal year 2023 and $2.6 billion for fiscal year 2022, she said, adding that the errors did not impact the size of presidential drawdown authority or support for Ukraine.The US envoy to the UN has blamed Russia for the"record-breaking" increase in the number of refugees due to its war in Ukraine.
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