Ukraine to receive USD 15 billion from US, funds secured by future revenues from frozen russian assets

Finance Minister of Ukraine Serhii Marchenko and World Bank Regional Director for Eastern Europe Bob Saum signed a Grant Agreement under the Bank's project "Public Expenditures for Administrative Capacity Endurance" (PEACE in Ukraine). The amount of funds provided is USD 15 billion.

This is announced in a statement by the Ministry of Finance, Ukrainian News Agency reports.

These are funds from the Facilitation of Resources to Invest in Strengthening Ukraine Financial Intermediary Fund (F.O.R.T.I.S. Ukraine FIF) of the World Bank.

The financing is provided by the US contribution of a total of USD 20 billion within the framework of the G7 Extraordinary Revenue Acceleration Loans for Ukraine (ERA) initiative.

Ukraine has already received the first tranche of USD 1 billion out of USD 20 billion through the World Bank’s Second Growth Foundations Development Policy Loan (DPL).

Funds from the United States under PEACE in Ukraine will be used to:

- pay salaries for healthcare, education, first responders, and civil servants;

- assist low-income families, IDPs, persons with disabilities, and families with children (pregnancy and childbirth, birth, adoption, and single mothers).

The U.S. government has provided funding to the F.O.R.T.I.S. Ukraine FIF through the United States Agency for International Development (USAID) and in coordination with the U.S. Department of the Treasury and the U.S. Department of State.

From 2022 to 2024, direct U.S. budget support to Ukraine exceeded USD 30 billion. These funds helped the Ukrainian Government to ensure the salaries of employees of state institutions that provide basic state services to the population of Ukraine, to support the continuity of the functioning of the state and the financial stability of Ukraine in the conditions of a full-scale war.

As Ukrainian News Agency earlier reported, the mechanism of the G7 member countries Extraordinary Revenue Acceleration for Ukraine (ERA) in the amount of up to USD 50 billion provides for the allocation of credit funds to Ukraine, which will be repaid at the expense of future profits received from frozen russian sovereign assets.