Uncover what's happening in the territories under Russian occupation
WATCH NOW
Skip to content
Edit post

World Bank announces additional $530 million loan to Ukraine

by The Kyiv Independent news desk October 1, 2022 5:48 AM 1 min read
This audio is created with AI assistance

According to the World Bank, the U.K. and Denmark provided $500 million and $30 million in loan guarantees, respectively, to meet Ukraine’s urgent needs caused by Russia’s full-scale war.

The loan will help cover essential “public services such as health, education, and social protection,” the statement reads.

“The toll of destruction, damage, and dislocation in Ukraine is staggering and continues to grow,” said Anna Bjerde, World Bank Regional Vice President for Europe and Central Asia. “The Ukrainian people have a long road to recovery ahead and development partners will need to continue to pull together to support Ukraine’s reconstruction.”

News Feed

12:22 AM

Zelensky urges allies to increase pressure on North Korea.

Two North Korean brigades of up to 6,000 personnel each are currently undergoing training in Russia, Zelensky said in his evening address, citing military intelligence reports. "We expect a firm, concrete response from the world."
5:34 PM

Ukraine's Prosecutor General Kostin resigns.

"I am grateful to the president of Ukraine and Ukraine's Verkhovna Rada for their trust. But in this situation, I believe it is right for me to resign from the post of prosecutor general," he said.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.