Ukraine begins to receive the first U.S. funds at the expense of frozen russian assets.
Prime Minister Denys Shmyhal announced this on the Telegram channel, the Ukrainian News agency reports.
"Ukraine begins to receive the first U.S. funds at the expense of frozen Russian assets. The World Bank will provide USD 2 billion through the DPL mechanism. The Bank's Executive Board 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 said.
In particular, USD 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 within the framework of the G7 initiative.
Another USD 1.05 billion will be provided to Ukraine in the form of a loan under guarantees from the governments of Japan and the United Kingdom.
Shmyhal noted that Ukraine has completed all necessary measures to receive funds.
As the Ukrainian News agency earlier reported, in December, the U.S. Treasury Department announced the allocation of a USD 20 billion loan to Ukraine, which will be repaid from the proceeds of frozen russian assets.
In June, the leaders of the G7 countries reached an agreement to allocate USD 50 billion for Ukraine by using frozen russian assets.
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