U.S. State Department to cut threefold financial aid to Ukraine

The United States State Department suggests in the budget for the 2018 fiscal year to reduce its assistance to Ukraine by three times, according to the draft budget for foreign operations and related programs, posted on the State Department`s website.

In the 2016 fiscal year, more than $667 million was allocated for Ukraine.

At the same time, it is proposed to budget over $203 million for the 2018 fiscal year.

As UNIAN reported, Donald Trump administration`s budget proposal would convert some of the United States` foreign military grants to Ukraine and other countries into loans.

The White House noted that this initiative was part of a larger effort to slash spending on diplomacy, aid and overseas programs  by more than 29%

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