The World Bank has announced 4.5 billion dollars in additional financial aid to Ukraine.

The bank said on Monday that the move is aimed at helping the Ukrainian government meet urgent needs created by the ongoing Russian invasion.

It said the package will help the government "cover social payments, healthcare services, and pensions, which are essential for the well-being of the country's citizens." The aid will be financed by a grant from the United States.

World Bank President David Malpass said, "Ukraine needs continued government services, including health, education, and social protection to prevent further deterioration in living conditions and poverty."