Skip to content
Bull Bear Daily

Bull Bear Daily

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2024
  • June
  • 16
  • US VP announces $1.5 billion for aid for Ukraine at peace summit in Switzerland

US VP announces $1.5 billion for aid for Ukraine at peace summit in Switzerland

Bull Bear Daily June 16, 2024 2 minutes read

By Steve Holland

LUCERNE, Switzerland (Reuters) – U.S. Vice President Kamala Harris announced more than $1.5 billion in aid in part for Ukraine’s energy sector and its humanitarian situation as a result of Russia’s 27-month invasion of Ukraine.

The announcement was made as Harris attended a Ukraine peace summit in Lucerne, Switzerland, where she was to meet Ukraine President Volodymyr Zelenskiy and address the summit’s plenary session.

The $1.5 billion includes $500 million in new funding for energy assistance and the redirecting of $324 million in previously announced funds toward emergency energy infrastructure repair and other needs in Ukraine, the vice president’s office said.

“These efforts will help Ukraine respond to Russia’s latest attacks on Ukraine energy infrastructure by supporting repair and recovery, improving Ukraine’s resilience to energy supply disruptions, and laying the groundwork to repair and expand Ukraine’s energy system,” Harris’ office said.

She also announced more than $379 million in humanitarian assistance from the State Department and the U.S. Agency for International Development to help refugees and other people impacted by the war.

The money is to cover food assistance, health services, shelter, and water, sanitation and hygiene services for millions of Ukrainians.

Harris, who will spend less than 24 hours at the gathering in Lucerne, Switzerland, will be standing in for President Joe Biden at the event. The president will be just ending his participation at the G7 summit in Italy and returning to the United States to attend a fundraiser for his reelection campaign in Los Angeles.

Harris will meet with Zelenskiy and address the summit’s plenary session. Biden met with Zelenskiy both at the G7 summit, where they signed a U.S.-Ukraine bilateral security agreement, and in France for events surrounding the 80th anniversary of the World War Two D-Day invasion.

White House national security adviser Jake Sullivan will represent the United States at the summit on Sunday and help establish working groups on returning Ukrainian children from Russia and on energy security.

(Reporting by Steve Holland; Editing by Leslie Adler)

About the Author

Bull Bear Daily

Administrator

Visit Website View All Posts

Post navigation

Previous: Google loses bid to end US antitrust case over digital advertising
Next: Tesla kicks off legal fight to reinstate Musk’s pay

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Sign up for our free Bull Bear Daily Newsletter!

Discover new market trends and ideas directly to your inbox.

Recent Posts

  • Tether says ‘misconception’ over fundraising plans amid reports of investor pushback
  • Novo Nordisk to take legal action against Hims & Hers for Wegovy compounding
  • Australian miner expects to supply US critical minerals stockpile, CEO says
  • Global software stocks hit by Anthropic wake-up call on AI disruption
  • Fernandez overwhelmingly wins Costa Rica presidency as populist project secures new term

You may have missed

2026-02-04T155640Z_2_LYNXMPEM1307N_RTROPTP_4_EL-SALVADOR-BITCOIN.JPG
  • Newsletters

Tether says ‘misconception’ over fundraising plans amid reports of investor pushback

Bull Bear Daily February 7, 2026 0
2026-02-05T162353Z_2_LYNXMPEM14154_RTROPTP_4_NOVO-NORDISK-RESULTS.JPG
  • Newsletters

Novo Nordisk to take legal action against Hims & Hers for Wegovy compounding

Bull Bear Daily February 6, 2026 0
  • Newsletters

Australian miner expects to supply US critical minerals stockpile, CEO says

Bull Bear Daily February 5, 2026 0
  • Newsletters

Global software stocks hit by Anthropic wake-up call on AI disruption

Bull Bear Daily February 5, 2026 0
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
Copyright 2026 © All rights reserved | Bull Bear Daily | bullbeardaily.com