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Swiss senate approves $108.5 million for Ukraine reconstruction

Damaged residential high-rise buildings in Irpin, Ukraine, April 2022 (Photo by Serhii Vorushylo via Ukraine Media Center)

The Swiss Senate has approved a CHF 96 million ($108.5 million) loan for the reconstruction of Ukraine.

The funding will go towards the European Bank for Reconstruction and Development's €4 billion capital increase, which takes effect on December 31.

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