Ukraine needs $7 billion a month to function amid the devastating "economic losses" inflicted by Russia, President Volodymyr Zelensky said Thursday, AFP reported.

That is an increase from Kyiv's previous estimate of $5 billion in monthly needs, and Zelensky told the leaders of the IMF and World Bank via video link, the "Russian military is aimed at destroying all objects in Ukraine that can serve as an economic base for life. That includes railroad stations, food warehouses, oil refineries."

Also Read: Biden announces new $800 million military package for Ukraine

Earlier Thursday, US President Joe Biden announced a new package of $800 million in military aid for Ukraine, saying it would help Kyiv's forces in the fight against Russians forces in the Donbas region, AFP reported.

Also Read: Ukrainian PM calls for more action, money as he visits Congress

"This package includes heavy artillery weapons, dozens of howitzers, and 144,000 rounds of ammunition to go with those howitzers. It also includes more tactical drones," Biden said.