Where it comes from and where it's going.
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
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
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
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,
Ambassadors from all 27 European Union nations agreed to set aside windfall profits generated from frozen Russian assets with the intention of using them to help pay for the reconstruction of Ukraine, Reuters reported. An unnamed source from Belgium, which holds the rotating presidency of the EU, told the news
All 27 member nations of the European Union have agreed to support the EU's €50 billion aid package for Ukraine and it is likely to pass at the start of next month, Ukrainian Prime Minister Denys Shmyhal said. “On Feb 1 we expect the EU to approve a
The European Union is unlikely to give $300 billion in frozen Russian assets to Ukraine even as other forms of aid for the country are at least temporarily blocked, Reuters reported, citing unnamed senior EU officials. "Confiscation of the capital of the Russian assets is not going to happen,
The reconstruction fund that BlackRock and JP Morgan are setting up for the Ukrainian government will be "ready to take action" this year, Reuters reported, citing BlackRock Vice-Chairman Philipp Hildebrand. "We want to be ready to deploy with at least soft commitments from donor countries,"
Italian Prime Minister Giorgia Meloni is working to persuade her Hungarian counterpart, Viktor Orban, to drop his opposition to a proposed European Union aid package for Ukraine and improve his relationship with Ukrainian President Volodymyr Zelensky, Bloomberg reported, citing unnamed sources privy to the discussions. Orban, whose veto power is
Japanese Foreign Minister Yoko Kamikawa, speaking at a press conference in a bomb shelter after an air attack warning interrupted her surprise visit to Kyiv, pledged to donate $37 million to a NATO fund that supports drone detection and other air defenses. Kamikawa, who visited Kyiv on Sunday as part
The Ukrainian government has earmarked 3 billion hryvnias ($79 million) this year to support private investors who import new equipment for use in a "significant investment," or a project valued at $12 million or more. The funds are meant to support investments that create capacity in Ukraine to
The European Union is preparing a workaround plan to fund Ukraine with a financing arrangement similar to the one used to provide countries with cheap financing during the Covid era, the Financial Times reported, citing unnamed sources. The plan could provide Ukraine with up to €20 billion in financing even
