Ukrainian soldiers take positions outside a military facility as two cars burn, in a street in Kyiv, Ukraine, Saturday, Feb. 26, 2022. Russian troops stormed toward Ukraine's capital Saturday, and street fighting broke out as city officials urged residents to take shelter. (AP Photo/Emilio Morenatti)

Russia Ukraine conflict

Ukraine says it gets $530 mln in US, UK grants from World Bank fund

Ukraine

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Reuters

Published: 20 May ,2022: 09:38 AM GST Updated: 20 May ,2022: 10:44 AM GST

Ukraine has received roughly $530 million in US and British grants from a fund set up by the World Bank for donations to the Kyiv government in the wake of Russia's invasion, the finance ministry said.

The US donated around $500 million and Britain 24 million pounds ($30 million) and the money had now arrived in the state budget, the finance ministry statement late on Thursday said.

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“These funds will be directed to providing urgent social, humanitarian and health spending, as well as supporting internally displaced people,” the statement said.

The US Senate approved nearly $40 billion of additional aid for Ukraine on Thursday, and the Group of Seven advanced economies agreed to provide Ukraine with over $18 billion in funds.

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