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Frozen assets of the Russian Federation – Ukraine received the first grant – UNIAN
Funding comes from the US contribution under the G7 ERA initiative.
Ukraine received a grant from the United States in the amount of $1 billion. For the first time, the state budget received funds secured by income from frozen assets of the Russian Federation. This was reported by the press service of the Ministry of Finance.
“Ukraine’s state budget received a $1 billion grant from the United States of America under the World Bank’s Second Development Policy Loan (DPL) program,” the statement said.
Funding comes from a $20 billion US contribution as part of the $50 billion G7 ERA initiative. This is the first tranche from the World Bank Fund “Promoting…
