“Ukraine begins to receive the first US funds at the expense of frozen Russian assets: the World Bank will provide $2 billion.”, — write: epravda.com.ua
Ukraine begins to receive the first US funds at the expense of frozen Russian assets: the World Bank will provide $2 billion. This was announced by the Prime Minister of Ukraine, Denys Shmyhal. The Executive Board of the World Bank approved this decision the day before, and today the relevant agreements were signed by the Ministry of Finance of Ukraine. The funds will be distributed as follows:Advertisement: $1 billion will be provided in the form of a non-refundable grant from the World Bank FIF fund at the expense of the US contribution within the framework of the G7 initiative. Another $1.05 billion will be provided in the form of a loan under guarantees from the governments of Japan and Great Britain. Ukraine has taken all necessary measures to receive funds, Shmyhal added. We will remind: the European Commission (EC) announced on Thursday the decision to pay Ukraine a loan within the framework of macro-financial assistance of 18.1 billion euros from the beginning of 2025, which will be repaid at the expense of revenues from frozen Russian assets.