financial aid

EU grants Ukraine $2 billion to boost economic resilience

Ukraine’s State Budget received €1.9 billion ($2 billion) in unconditional funding from the European Union under the Ukraine Facility program, the Finance Ministry reported on Facebook on June 27.

27 June 2024, 04:04 PM

EU approves €1.4 billion military aid to Ukraine from frozen Russian assets – Politico

European Union member states approved the first tranche of military aid for Ukraine amounting 1.4 billion euros, which will come from the proceeds of frozen Russian assets, Politico reports, citing four diplomats on June 24.

24 June 2024, 06:42 PM

IMF nears approval of $2.2 billion aid tranche for Ukraine

The International Monetary Fund (IMF) is poised to finalize its fourth review of the Extended Fund Facility (EFF) for Ukraine and is expected to disburse a fifth tranche worth approximately $2.2 billion in the coming days,, reported head of the National Bank of Ukraine Andriy Pyshnyi on Facebook on June 20.

21 June 2024, 05:51 PM

What the $50 billion G7 loan means for Ukraine — analysis

The G7 countries have greenlit a $50 billion loan to Ukraine, secured against the proceeds from Russian financial assets frozen in Western countries. NV examines what kind of an impact it will have on the Ukrainian economy.

18 June 2024, 11:51 PM

Germany's Scholz calls $50 billion G7 aid to Ukraine 'a clear signal' to Russia

The recent announcement that Ukraine would receive an additional $50 billion in funding, using seized Russian assets, from the G7 countries is a sign that Ukraine's partners will continue to support her, German Chancellor Olaf Scholz said at the annual G7 summit on June 13.

14 June 2024, 01:06 PM

Bolstering Ukrainian air defense to dominate the upcoming Ramstein meeting — Pentagon

Strengthening Ukraine's air defense capabilities will be a key topic of discussion at the upcoming 23rd Ramstein-format meeting scheduled for June 13 in Brussels, Deputy Pentagon Press Secretary Sabrina Singh said, Ukrinform reported.

13 June 2024, 09:56 AM

UK pledges record $300 million aid package to Ukraine

UK Prime Minister Rishi Sunak is set to announce a record-breaking financial aid package for Ukraine totaling £242 million (approximately $309 million) at an upcoming G7 summit in Italy, according to a statement by the UK on June 12.

13 June 2024, 09:43 AM

First €1.5 billion from frozen Russian assets available to Ukraine in July – Von der Leyen

The first proceeds from frozen Russian assets to be transferred to Ukraine in July, large percentage will go to Ukraine's defense, 10% of this amount will be used for reconstruction and recovery, Ursula von der Leyen said during a speech at the International Confererance on Reconstruction of Ukraine 2024 on June 11.

11 June 2024, 04:30 PM

Macron and Biden seek G7 support for $50 billion Ukraine fund

French President Emmanuel Macron and U.S. President Joe Biden hope that all G7 countries will support a $50 billion fund for Ukraine from the proceeds of frozen Russian assets, Macron said during a joint press conference in Paris on June 8.

9 June 2024, 12:47 PM

Ukraine ratifies EUR 50 billion EU agreement under Ukraine Facility program

Ukrainian Parliament ratified an agreement with the European Union, which is necessary to receive €50 billion under the Ukraine Facility program, announced Prime Minister of Ukraine Denys Shmyhal on Telegram on June 6.

6 June 2024, 11:00 PM

Largest oil and gas company in Ukraine moves towards producing electricity

Ukrainian oil company Ukrnafta will start building maneuverable power generation plants, including gas piston and gas turbine thermal power plants, the company's press service reported on June 6.

6 June 2024, 03:55 PM

EU must come to consensus now to unblock revenues from frozen Russian assets to aid Ukraine - EU's Borrell

About 90% of the revenues from frozen Russian assets will be directed to the European Peace Fund to supply weapons and military equipment to Ukraine, EU High Representative for Foreign Affairs & Security Policy, Josep Borrell, said on May 28.

29 May 2024, 10:05 AM

Latvia to provide almost $13 million to Ukraine in next two years for infrastructure development

Latvia will provide Ukraine with €6 million ($6.4 million) for infrastructure development in both 2024 and 2025, the government announced on May 22.

23 May 2024, 10:36 AM

France backs US proposal to use frozen Russian assets to aid Ukraine — report

The French government has supported the U.S. proposal to use the revenue from frozen Russian assets to benefit Ukraine, Bloomberg reported on May 22.

23 May 2024, 02:14 AM

Ukraine can receive $50 billion in loans — U.S. Treasury Secretary

G7 countries could fund Ukraine's war efforts by providing billions in loans linked to $300 billion in frozen Russian assets, U.S. Treasury Secretary Janet Yellen told Sky News on May 21.

22 May 2024, 02:57 PM

EU to transfer revenue from up to $3.25 billion in frozen Russian assets to Ukraine by July

The European Commission will transfer revenues from frozen Russian assets to Ukraine, with the first payment - up to EUR 3 billion ($3.25 billion) - expected in July.

22 May 2024, 11:07 AM

Germany to provide nearly $50 million to help Ukraine restore energy system devastated by Russian attacks

Germany will provide Ukraine with a €45 million ($48.5 million) grant to recover from Russia's devastating attacks on Ukraine's energy system, Ukraine's Energy Ministry reported.

10 May 2024, 12:20 PM

Zelenskyy thanks U.S. Senate for approving aid bill to Ukraine

Ukrainian President Volodymyr Zelenskyy expressed his gratitude to the U.S. Senate for approving the $61 billion aid bill to Ukraine.

24 April 2024, 09:57 AM

Ukraine needs $42 billion in foreign aid this year — IMF

Ukraine will require $42 billion in foreign aid this year because of Russia's ramped-up war of aggression, said International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, Reuters reported.

19 April 2024, 11:49 AM

Lacking support from the US, Ukraine has spent $4 billion from its budget on armaments & ammunition

The Ukrainian government has now spent $4 billion on armaments due to the shortage of promised ammunition and weaponry by its partners, Ukraine's Finance Minister Serhiy Marchenko reported.

18 April 2024, 09:38 AM

financial aid

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