U.S. unveils $2 billion in aid for Ukraine, sanctions and tariff hikes on Russia a year after invasion

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U.S. unveils $2 billion in aid for Ukraine, sanctions and tariff hikes on Russia a year after invasion
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U.S. unveils $2 billion in Ukraine aid, sanctions and tariff hikes on Russia a year after invasion

The U.S. announced a new $2 billion military aid package for Ukraine, along with sanctions and tariff increases on Russia, on the first anniversary of Moscow's invasion.

President Joe Biden met virtually with leaders of the G-7 and Ukrainian President Volodymyr Zelenskyy on Friday morning to mark the occasion, one year after the group first met to discuss aid. A man stands with a home made placard as Northeast Ukrainian Community groups gather at Grey’s Monument in Newcastle-upon-Tyne to mark the first anniversary of the Russian invasion of Ukraine on February 24, 2023 in Newcastle upon Tyne, England.WASHINGTON – The United States authorized $2 billion in aid to Ukraine on the one-year anniversary of Russia's invasion Friday, and ramped up sanctions and tariffs on Moscow as it tries to bolster Kyiv's war effort.

President Joe Biden met virtually with leaders of the G-7 and Ukrainian President Volodymyr Zelenskyy on Friday morning to mark the occasion, one year after the group first met to discuss aid.and entities tied to the Russian war effort, including by targeting the country's metals and mining sector. The U.S. also said it would ramp up its export controls on Russian goods and increase tariffs on Russia products like metals and minerals.

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