Where it comes from and where it's going.
A European Commission proposal would separate proceeds generated from frozen Russian from the frozen assets themselves in a step toward toward using the funds for the reconstruction of Ukraine, a European Union official told Politico. European proposal would separate proceeds from frozen Russian assets as first step in transfer to
Russia is looking for ways to transfer a portion of its frozen reserves to a global fund meant to offset damage from climate change to the world's poorer nations, the country's climate envoy said at the ongoing COP28 United Nationals climate summit in Dubai. "We
The German government and the European Investment Bank (EIB) have offered a €20 million grant to install renewable energy systems in Ukrainian schools, hospitals and other public buildings. The grant will be used to install solar energy systems, biomass energy solutions and geothermal heat pumps in buildings that are already
The European Bank for Reconstruction and Development (EBRD) is providing Credit Agricole Ukraine with a €12.5 million unfunded portfolio risk-sharing facility to unlock lending in the agriculture, food processing, retail, transport and pharmaceutical sectors. The facility is meant to unlock €50 million in loans to stimulate investment in
The European Investment Bank (EIB) issued two loans totaling €450 million to help Ukraine repair damaged infrastructure and support the country's economy, the lender said during a high-level visit to Kyiv. The loans, financed by the bank’s member-backed EU for Ukraine fund, comes as EIB
The BlackRock-coordinated Ukraine Development Fund (UDF) will seek between $500 million and $1 billion of "catalytic capital" as a step toward attracting $2 billion to $4 billion in commercial capital, a BlackRock spokesperson said. The fund, which is being created pro-bono for the Ukrainian government by
The US International Development Finance Corporation (DFC) issued a $40 million loan portfolio guarantee to Raiffeisen Bank that will allow the bank to issue $50 million in loans to micro, small and mid-size businesses in Ukraine over the next eight years. The DFC guarantee, developed with technical support from
The European Bank for Reconstruction and Development (EBRD) has agreed to lend €200 million to Ukrainian state gas company Naftogaz to build up gas reserves ahead of the winter heating season. The loan is the second part of a €500 million package, including €300 million lent last year to help
The Council of Europe Development Bank (CEB) has agreed to lend €100 million to Ukraine's Ministry of Health to rebuild hospitals, clinics and other medical facilities damaged in the war with Russia. The loan, the CEB's first to Ukraine, is also meant to support mobile teams
The board of directors of the European Bank for Reconstruction and Development (EBRD) has called for a paid-in capital increase of €4 billion that would let the bank, already the largest lender to Ukraine, double its investment in the country. "The additional capital would enable the EBRD to
The US International Development Finance Corporation (DFC) will send a special representative to Ukraine to help foreign investors find insurance and financing to participate more easily in the reconstruction of the country, Ukrainian Economy Minister Yulia Svyrydenko said. "By the end of the year, DFC promises to start financing
Some 70% of Ukrainians believe their country will undergo an economic boom when the war ends, led by a foreign investment boom during reconstruction and reparations by Russia, according to a study by the Kyiv International Institute of Sociology (KIIS). When asked whether they thought Ukraine will see rapid economic
The International Monetary Fund raised its estimate of 2023 economic growth in Ukraine, saying the country shows "remarkable resilience" but warned growth is likely to slow in 2024 as the war continues. A week-long IMF monitoring mission reviewing the fund's support agreements with Ukraine said
European Union member nations are preparing a workaround to provide Ukraine with a promised €50-billion reconstruction aid package even if Hungary vetoes it, Bloomberg reported, citing unnamed sources. Under the backup plan, individual member states would offer national guarantees to attract financing in the markets and substitute for the
Ukraine has told its allies that it needs all frozen Russian assets, and not just the interest on those assets, or it won't likely receive enough funding to pay for reconstruction of the country, Reuters reported. Ukrainian Deputy Justice Minister Iryna Mudra told the news agency in an
