Ukraine has received another 1 billion euros ($1.2 billion) from the European Union, sourced from frozen Russian assets, according to Prime Minister Denys Shmyhal. These funds are part of the G7’s Extraordinary Revenue Acceleration (ERA) mechanism, which aims to provide Ukraine with $50 billion in loans repaid using profits from frozen Russian assets. To date, Ukraine has received over $18.5 billion this year through this initiative, with plans to further advocate for the complete confiscation of Russian assets at the Ukraine Recovery Conference in Rome. The ERA initiative, primarily supported by the U.S. and the EU, is expected to deliver all funds to Ukraine by the end of 2027, with contributions from the EU, U.S., U.K., Canada, and Japan.
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A new US$1 billion Development Policy Operation (DPO) loan agreement is being finalized between Ukraine’s Ministry of Finance and the World Bank. This loan, supplementing the approximately US$3.5 billion received in 2024 through similar agreements, will directly support Ukraine’s budget and crucial reforms. Key reforms include a July 2025 launch of a consolidated social assistance program providing UAH 4,500 monthly to eligible citizens. The agreement’s terms should be finalized by June, with World Bank board approval expected in November.
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Saudi Arabia and Qatar announced joint financial support for Syrian state employees, following Qatar’s earlier pledge of $29 million monthly for three months. This aid, revealed during a joint press conference in Damascus, builds upon the two Gulf nations’ considerable support for Syria’s new government. The support also includes settling Syria’s $15 million debt to the World Bank, enabling the Bank to resume operations in the country. This financial assistance is part of a broader international effort to rebuild Syria’s war-torn economy and infrastructure, facilitated by the lifting of sanctions by various nations.
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Following a meeting in Vilnius, Norway pledged to help Ukraine overcome a potential one billion euro winter gas deficit resulting from Russian attacks on Ukrainian energy infrastructure. This support builds upon Norway’s substantial existing aid to Ukraine, totaling over $4.5 billion. The agreement addresses a shortfall in Ukrainian gas production caused by these attacks, ensuring sufficient supply for the Ukrainian population. Discussions also covered broader support for Ukraine, including air defense strengthening and bolstering drone production.
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Norway’s 2025 aid package to Ukraine has been increased to 85 billion Norwegian kroner ($7.8 billion), a 50 billion kroner increase reflecting a parliamentary agreement. This substantial boost, tripling military support, will be spent internationally to mitigate domestic economic impact. The aid encompasses military, humanitarian, and financial assistance, furthering Norway’s significant commitment to Ukraine’s stability. A portion of this aid, 3 billion kroner, is specifically designated for humanitarian efforts in Ukraine and Moldova.
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On April 4th, the Norwegian government approved an additional NOK 50 billion (US$4.6 billion) in aid to Ukraine for 2025, raising the total yearly commitment to NOK 85 billion (US$7.8 billion). This substantial increase, which triples military support, builds upon previously allocated funds and the existing Nansen Programme. The funding will be provided externally, preventing any domestic economic burden. The decision follows parliamentary backing in March and reflects Norway’s continued strong commitment to Ukrainian resilience.
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Harvard University will eliminate tuition for families earning under $200,000 annually, starting in the 2025-2026 academic year. This initiative, impacting approximately 86% of US families, aims to increase accessibility and diversity on campus. For families earning less than $100,000, all expenses, including housing and healthcare, will be covered. The policy follows similar moves by other elite universities and comes amidst the Trump administration’s targeting of university funding tied to diversity, equity, and inclusion initiatives.
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Norway pledged €3.5 billion in aid to Ukraine for 2025, highlighting a commitment to ongoing and potentially increased financial support. This substantial contribution follows similar announcements from Spain (€1 billion in military aid and a Ukrainian recovery hub) and the UK (expanded sanctions against Russia). The summit underscored continued international resolve to assist Ukraine’s defense and recovery efforts.
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Japan has provided Ukraine’s state budget with approximately $1.7 billion for World Bank projects focused on crucial sectors. These funds, disbursed between November and December, support social protection, healthcare reform, education improvements, business restoration, and smart fiscal governance. The funding is channeled through five specific World Bank programs: INSPIRE, SURGE, RISE, THRIVE, and LEARN. This contribution is part of a larger Japanese commitment of $3 billion to Ukraine, secured by frozen Russian assets.
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The World Bank approved a $2.05 billion funding package for Ukraine, including a $1 billion grant—the first disbursement from a new $20 billion U.S. loan fund backed by frozen Russian assets. This package, supplementing $1.05 billion in World Bank financing enhanced by Japanese and British guarantees, aims to bolster Ukraine’s financial stability and support crucial economic reforms. These reforms encompass various sectors, including railways, energy, agriculture, and banking, and are designed to foster sustainable growth and EU accession. The funding will provide budget support to the Ukrainian Finance Ministry while promoting policy changes to strengthen the economy.
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John Q. Hosedrinker