The European Union (EU) has pledged to provide €18.1 billion to Ukraine as part of the $50 billion loan package by the G7 group of countries backed by profits from frozen Russian assets. The G7 group — the US, Canada, Japan, the UK, France, Germany, Italy, and the EU — reached
Japan has provided $235 million in concessional financing to Ukraine under the World Bank's Resilient, Inclusive and Sustainable Enterprise (RISE) and Lifting Education Access and Resilience in Times of Need (LEARN) projects, Ukraine's finance ministry said. Under the RISE project, which aims to support Ukrainian businesses
The World Bank approved on Thursday additional financing of $664 million for Ukraine under the Investing in Social Protection for Inclusion, Resilience, and Efficiency (INSPIRE) project, the country's finance ministry said. Of the total, $662 million will come from the Japan-backed program Advancing Needed Credit Enhancement for
Norway and Germany will launch a €2 million grant program in December to support energy sustainability of Ukrainian micro and small businesses, Ukraine's finance ministry said. Under the program, entrepreneurs will receive grants to purchase energy-efficient production equipment, equipment for autonomous energy sources and storage, as well
Today's Contents Just The Facts: * Trump picks retired general Keith Kellogg as Ukraine special envoy * 'Massive' Russian strike forces Ukrenergo to carry out emergency power cuts * Biden plans $725 million weapons package for Ukraine, sources say * Ukraine, Denmark to launch fast-track mechanism for investments * EBRD
Russia has launched a "massive attack" on energy infrastructure in Ukraine, pushing the operator of the transmission system, Ukrenergo, to introduce emergency power cuts, Ukrainian Energy Minister Herman Halushchenko said.
US President Joe Biden's administration is reportedly preparing a $725 million arms aid package for Ukraine to bolster support for Kyiv before he leaves office in January, unnamed sources told Reuters. The weapons will reportedly include land mines, drones, Stinger missiles, cluster munitions, and ammunition for High Mobility
US President-elect Donald Trump said he has nominated retired Lieutenant General Keith Kellogg to serve as special envoy for Ukraine and Russia. Kellogg was the chief of staff for the White House National Security Council during Trump's first term and he served as national security adviser to
Ukraine and Denmark have signed a memorandum of understanding (MoU) to launch a fast-track mechanism for investments, which is meant to enable businesses to overcome market barriers faster and enhance the overall business climate. The mechanism "will act as a single point of entry" to overcome obstacles
The European Bank for Reconstruction and Development (EBRD) said that an article in Italy's Corriere della Sera, which discusses the lender's alleged refusal to fund Ukrainian companies controlled by oligarchs, "does not do justice" to its substantial support for Ukraine amid the war. In
Today's Contents Just The Facts: * Germany allocates €77.6 million for Ukraine's energy infrastructure recovery * DFC to issue $40 million loan portfolio guarantee to Ukraine's Bank Lviv to support local businesses * UN experts demand Russia halt strikes on Ukraine's energy grid due
Russia launched attacks on Ukraine's electricity system on Nov. 17, risking a nuclear disaster that must be avoided at all costs, a group of UN experts said, calling on the Russian government to immediately end attacks on energy infrastructure. "The latest large-scale Russian missile attack on
The Covid-19 pandemic, the ongoing war, and the refugee crisis have caused a severe nursing shortage in Ukraine, leaving the country with a nursing density far below the European Union average, according to a study by the World Health Organization.
Gazprom's internal plans for next year outline a base-case scenario with no more gas flows to Europe through Ukraine after Dec. 31, when Russia's gas transit deal with Ukraine is set to expire, Reuters reported, citing an unnamed source familiar with the matter. Ukraine has
A European Investment Bank (EIB)-funded modernization of a pediatric infectious disease department in Ukraine's northwestern Zhytomyr region has been finalized, the EIB said. The infectious disease department at the Zhytomyr Regional Tuberculosis Dispensary in the Guiva village has been equipped with advanced medical and diagnostic equipment. The
The Energy Community said it has received a €77.6 million grant from Germany's economy ministry for its Ukraine Energy Support Fund which provides funding for repairs of Ukraine's critical energy infrastructure damaged by Russian attacks. The contribution will allow the Fund to procure essential spare
