State Department spokesman Ned Price holds a press conference Thursday following reports that the United States will provide an additional $500 million in financial assistance to Ukraine to help it maintain salaries, pensions and other government programs.
The event is scheduled to start at 2 p.m. ET. Watch Price’s remarks in the player above.
Treasury Secretary Janet Yellen made the announcement after meeting with Ukrainian Prime Minister Denys Shmyhal, as well as Deputy Secretary Wally Adeyemo and Ukrainian Finance Minister Serhiy Marchenko.
The new funding comes on top of $500 million in economic aid that President Joe Biden unveiled in March.
The announcement comes amid spring meetings of the International Monetary Fund and World Bank dominated by conversations about how to handle the fallout from Russia’s war in Ukraine.
Yellen says his exit from a G-20 meeting on Wednesday to protest Russia’s war signaled that it could not be “business as usual” in terms of Russian participation in global financial groups after the invasion of Ukraine.