The US announced $1.5B for Ukraine’s energy sector at the Peace Summit.

During a meeting with Volodymyr Zelenskyy in Switzerland, US Vice President Kamala Harris announced a new energy aid package to be provided by USAID and the State Department. In particular, USAID is planned to provide $500M in new funding for energy assistance and redirect $324M of previously announced funds to Ukraine’s emergency energy needs. These funds will be used to help repair energy infrastructure, expand electricity production, encourage private sector investment, and protect energy facilities.

“In addition, the package also includes food, medical services, water, sanitation, and hygiene services for millions of Ukrainians in need. Also, support for agriculture and employment will be provided to enable families to restore income and meet basic needs”, the White House clarified.

According to Harris, together with Congress, the State Department plans to provide an additional $300M to support Ukraine’s civil security. These funds are part of a larger foreign aid package initiated by the US president.