Ukraine Receives Frozen Russian Asset Funds
Ukraine has begun receiving its share of a G7-backed $50 billion loan, with initial disbursements totaling $2.05 billion in World Bank grants. This funding, part of a larger $20 billion U.S. contribution, is co-financed by the F.O.R.T.I.S. Ukraine FIF and the ADVANCE Ukraine Trust Fund, and will bolster Ukraine’s railway, banking, and renewable energy sectors. The EU’s €18.1 billion contribution is slated to begin disbursement in January. These funds are intended to support Ukraine’s economic growth and reconstruction efforts.
John Q. Hosedrinker