By Bank of Finland Institute for Economies in Transition (BOFIT) After a long wait, the US aid package for Ukraine of almost $61bn got the last seal with President Biden’s signature on April 24, 2024. The sizeable package focuses especially on military material aid, which will bring relief to Ukraine’s acute shortage of defence equipment, the Bank of Finland institute for Emerging Economies (BOFIT) reported in its weekly update. The package allocates approximately $13bn to replenish the USA’s own stocks, $14bn to Ukraine to purchase US defence material, $14bn to the purchase of high-tech weapo…