News

Ukraine Says It Gets $530 Million In US, UK Grants From World Bank Fund

Ukraine

Ukraine has received roughly $530 million in U.S. and British grants from a fund set up by the World Bank for donations to the Kyiv government in the wake of Russia’s invasion, the finance ministry said.

The U.S. donated around $500 million and Britain 24 million pounds ($30 million) and the money had now arrived in the state budget, the finance ministry statement late on Thursday said.

“These funds will be directed to providing urgent social, humanitarian and health spending, as well as supporting internally displaced people,” the statement said.

The U.S. Senate approved nearly $40 billion of additional aid for Ukraine on Thursday, and the Group of Seven advanced economies agreed to provide Ukraine with over $18 billion in funds.

($1 = 0.8022 pounds)

(Reporting by Natalia Zinets; Writing by Alexander Winning; Editing by Raissa Kasolowsky)

Natalia Zinets
Related News
Related sized article featured image

Breakfast brand brings production in-house as it expands retail partnerships and backs regional manufacturing.

PM Today Team
Related sized article featured image

Energy group expands training across nuclear and renewables as Britain faces acute reskilling challenge.

News Team