Where it comes from and where it's going.
Subsidized loans to Ukrainian businesses have totaled 18 billion hryvnias ($460 million) so far this year, with almost half going to the agriculture sector, the government has announced. The government's "Affordable Loans 5-7-9%" program, which offers loans at annual interest rates of between 0 and 9%
The European Union will use profits generated from frozen Russian assets to buy weapons for Ukraine, German Chancellor Olaf Scholz said, confirming that the funds will not be reserved for the reconstruction effort. Speaking in Berlin at a joint press conference with French President Emmanuel Macron and Polish Prime Minister
The European Commission aims to give Ukraine between €2 billion and €3 billion from profits generated by frozen Russian assets as early as July, the Financial Times reported, citing unnamed officials. The plan, which would need the approval of European Union member states, could be proposed before a summit of
Bond investors are "clamoring" for the European Union to issue war bonds to fund Ukraine's struggle against Russia as they seek to stop the Russian invasion and benefit from AAA-rated securities at the same time, Bloomberg reported. An EU bond issuance would allow the West to
The UK is willing to lend Ukraine all frozen Russian assets held in Britain on the understanding that Russia will be forced to pay reparations when the war is done, said UK Foreign Secretary David Cameron. "There is an opportunity to use something like a syndicated loan or a
The European Commission has joined growing calls for the European Investment Bank (EIB) to scrap its restriction against funding defence projects in a push to bolster the fight against the Russian invasion of Ukraine. The EIB, which has extended €1.7 billion in financing for Ukraine repair and reconstruction projects
The UK government's development finance arm, British International Investment (BII), will start offering up to £250 million in financing to private sector companies for reconstruction projects in April, the Ukrainian government said. The financing package, authorized by the UK government last June, marks the BII's first
European Commission President Ursula von der Leyen said in a speech to the European Parliament that profit generated from some $300 million in Russian assets frozen by Western nations should be used to buy weapons for Ukraine. The comment deviates from the common position that such profits, predicted to total
Ukraine-focused private equity firm Horizon Capital has raised $350 million for its HCGF IV fund, exceeding its initial target by $100 million, after a $20 million commitment from the Japanese government development agency. The HCGF IV fund, which seeks to invest in fast-growing, mostly technological and export-oriented startups in Ukraine,
The International Monetary Fund has reached a staff-level agreement to disburse $880 million to Ukraine as part of its ongoing loan to the country, the fund said in a press release. The disbursement follows the third review, held in Warsaw over the past week, of the IMF's four-year,
The International Monetary Fund is in talks with representatives of the Ukrainian government about the disbursement of a $890 million payment from its $15.6 billion loan, Reuters reported, citing unnamed sources. The IMF has declined to comment officially on the amount of money at the center of the talks,
The Japan International Cooperation Agency (JICA), the entity that handles development funds for the Japanese government, has decided to invest $20 million in HCGF IV, the latest fund of Ukraine-focused private equity firm Horizon Capital. The investment, announced in Tokyo at the Japan-Ukraine Economic Reconstruction Promotion Conference, will be used
Japan has agreed to allocate €1.25 billion to support Japanese companies that invest in the reconstruction of Ukraine, Ukrainian Prime Minister Denys Shmyhal said during a visit to Tokyo. Shmyhal, whose visit comes as Japan host an international conference on the reconstruction of Ukraine, said the Japanese assistance will
A plan to use frozen Russian assets as collateral to issue debt for Ukraine would amount to an indirect seizure and would post financial stability risks to Europe, said the CEO of Belgian central securities depository Euroclear. CEO Lieve Mostrey said the plan would also make way for legal claims
The European Union adopted a law that sets aside profit generated from interest and other sources on frozen Russian assets held inside the EU in a first step toward using those assets to benefit Ukraine. The new law requires clearing houses, such as Everclear which holds most of the roughly
The leaders of the 27 European Union nations unanimously approved a €50 billion aid package for Ukraine, alleviating some of the doubt surrounding the Ukrainian government's ability to finance its budget and keep paying for its fight against Russia. Passage of the so-called Ukraine Facility aid program, which
