U.S. Congress to allocate $560 mln to Ukraine

The Consolidated Appropriations Act 2017, which stipulates at least $560 million in aid programs for Ukraine, has been submitted to the U.S. Congress, the Ukrainian embassy to the United States posted on Facebook.

In particular, at least $238 million are planned to be allocated for military assistance and security policy of Ukraine before the end of the fiscal year (October 1).

Excluding credit guarantees, which has not been considered this year so far ($275 million were budgeted for those purposes last year), allocations will grow for other assistance programs (by $27 million, compared to 2016), the embassy said.

The funds allocated for strengthening defense and security of Ukraine are only part of the overall sum of $350 million, which might be fully used after October 1, 2017.

The next stage for the consolidated act to come into force will be its adoption by the Senate and the House of Representatives before May 5, 2017, and subsequent signing by the U.S. president. 

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