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US to provide $50 million for Ukraine's political and economic reforms

April 22, 2014, 15:40 UTC+3
Of the mentioned sum, $11.4 million are designated for holding presidential elections in Ukraine
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US Vice President Joe Biden talks with Arseniy Yatsenyuk

US Vice President Joe Biden talks with Arseniy Yatsenyuk

© AP Photo/Sergei Chuzavkov

WASHINGTON, April 22. /ITAR-TASS/. The USA will provide aid to Ukraine worth $50 million for carrying out political and economic reforms. This assistance is aimed at strengthening partnership between the US and Ukraine, says the White House’s statement published on Tuesday.

Of the mentioned sum, $11.4 million are designated for holding presidential elections in Ukraine that are scheduled for May 25. These funds are intended to support democratic processes, and not to aid any specific candidate, the White House stated.

In addition, the USA will provide $8 million to aid Ukraine’s armed forces, but this assistance doesn’t envisage arms shipments. These funds are meant to be used for buying communication systems, engineering equipment and transport facilities.

The White House published this statement along with the visit of US Vice President Joseph Biden to Ukraine. Biden is holding negotiations with the Ukrainian leadership in Kiev.

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