US Announces $1.5 Billion in New Aid for Ukraine at Swiss Peace Summit

The Biden administration said the funds will be used to repair and expand Ukraine’s energy sector as well as address other humanitarian services.

Vice President Kamala Harris (L) shakes hands with Ukraine's President Volodymyr Zelensky during a meeting on the sideline of the Summit on peace in Ukraine, at the luxury Burgenstock resort, near Lucerne, Switzerland, on June 15, 2024. Alessandro Della Valle/Pool/AFP via Getty Images

The Biden administration has unveiled a new $1.5 billion aid package for Ukraine’s energy sector and humanitarian situation as the embattled nation attempts to fend off Russia’s attack.

The latest tranche includes $500 million in new funding for energy assistance and the redirecting of another previously announced $324 million in funds toward emergency energy infrastructure repair, through U.S. Department of State and U.S. Agency for International Development (USAID).