US funnels another $4.5 bn to Ukraine through World Bank

WASHINGTON, 09 August 2022, (TON): The World Bank announced “it was mobilizing another $4.5 billion in US-provided financial support for war-torn Ukraine.”

The bank said in a statement “the funds will help Kyiv pay for services and pensions, key to easing economic impacts of the Russian invasion.”

US Treasury Secretary Janet Yellen said in a statement “this economic assistance is critical in supporting the Ukrainian people as they defend their democracy against Russia’s unprovoked war of aggression.”

The latest tranche of aid, most of which will be disbursed this month, is part of $8.5 billion in total US support “which is helping Ukraine’s government keep hospitals, schools, and other critical government services for the people of Ukraine.”

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