Ukraine to receive first $2 billion from frozen Russian assets via World Bank — Ukraine’s PM

Ukraine’s Prime Minister Denys Shmyhal shared the information.

“The Executive Board of the Bank approved the allocation of funds the day before. And today, the Ministry of Finance of Ukraine signed the relevant agreements with the World Bank,” he informed.

According to Shmyhal, $1 billion will be provided in the form of a non-refundable grant from the World Bank's FIF fund at the expense of the U.S. contribution under the G7 initiative.

Ukraine will receive another $1.05 billion in the form of a loan guaranteed by the governments of Japan and the United Kingdom.

“Ukraine has taken all the necessary steps to receive the funds. We are grateful to our partners for their support on the path of economic development and reconstruction,” the Prime Minister emphasized.

• The U.S. State Department has approved the possible sale of F-16 fighter jet maintenance equipment to the Ukrainian government at an estimated cost of $266.4 million.