Ukraine begins to receive the first funds from the USA at the expense of the frozen assets of the Russian Federation
22.12.2024Ukraine begins to receive the first funds from the United States at the expense of frozen Russian assets. The World Bank will provide $2 billion through the DPL mechanism, Prime Minister of Ukraine Denys Shmyhal announced on December 20, writes radiosvoboda.org.
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The head of the government noted that the relevant agreements with the World Bank were signed by the Ministry of Finance of Ukraine.
On December 18, the executive board of the World Bank approved financing for Ukraine for more than 2 billion dollars.
As the bank explains, the new package is aimed at strengthening the financial and economic stability of Ukraine, as well as supporting the government in implementing reforms that will strengthen the country's economic potential and improve macro-financial stability.
In particular, $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 dollars will be received in the form of a loan under guarantees from the governments of Japan and Great Britain.
On December 10, the US Treasury announced that the United States will provide Ukraine with $20 billion in loans as part of the Group of Seven's Extraordinary Revenue Acceleration (ERA) Loans initiative, which provides for a total of $50 billion.
On October 23, the Council of the European Union agreed on the contributions from the Group of Seven countries for a $50 billion loan to Ukraine at the expense of profits from Russian frozen assets.
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