Where it comes from and where it's going.
Foreign ministers of the G7 nations vowed to maintain a freeze on Russian assets in the West until the country "pays for the damage it has caused to Ukraine," and renewed their commitment to support the reconstruction of Ukraine. The foreign ministers of Canada, France, Germany, Italy, Japan,
The government of Denmark will provide €40.2 million in reconstruction aid to Mykolaiv to help the damaged Ukrainian city repair its heating infrastructure to cope with the coming winter. The funds will also buy 40 mobile heating boilers to help the city cope with the cold, and they will
International Monetary Fund monitors started a second review on Monday of the institution's ongoing multi-billion dollar support program for Ukraine, possibly paving the way for the release of the next tranche of approximately $900 million in aid. The IMF's discussions with Ukrainian officials over its
The Japan International Cooperation Agency (JICA), the agency that handles development funds for the Japanese government, has re-opened its office in Ukraine, reported Japanese public broadcaster NHK. The agency, which is administering about $1.1 billion worth of Ukrainian aid projects for the Japanese government, has been coordinating Ukrainian
The European Investment Bank (EIB) will release €200 million in loans meant to help the country repair local energy, water and transportation infrastructure either directly damaged by the war or overstressed by the large numbers of people who fled to safer areas of the country, the government said. The loans,
Russia will retaliate against any "unfriendly" European nation that uses frozen Russian assets to fund Ukraine by seizing an even larger amount of those countries' assets, said Vyacheslav Volodin, the chairman of Russia's State Duma. "A number of European politicians, led by the head
Germany pledged a further €200 million in aid for urban reconstruction and other projects during a visit to Kyiv by the German envoy for the reconstruction of Ukraine, German news agency dpa reported. Jochen Flasbarth, Germany's point man for the reconstruction of Ukraine, said the money is also
The World Bank, the Council of Europe Development Bank, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) agreed to streamline and simplify their procurement practices in Ukraine ahead of an expected surge in reconstruction spending. "Reconstruction needs for Ukraine will be huge,"
The United States has pledged $700 million to help Ukraine upgrade its ports, railways and other elements of its transport infrastructure to help the economy recovery from the impact of the Russian invasion, Ukrainian Infrastructure Minister Oleksander Kubrakov said. "We have to modernize Ukrainian checkpoints, ports and railway. This
The European Parliament voted to approve a €50 billion package to help rebuild Ukraine, including a mix of grants and loans to be handed out between 2024 and 2027. Deputies voted 512-45, with 63 abstaining, to approve the so-called Ukraine Facility funding, which will be handed out in
Ukraine Finance Minister Serhiy Marchenko said geopolitical tensions elsewhere in the world and the length of the war in Russia are weakening the resolve of Ukraine's major donor nations, Reuters reported. "I see a lot of tiredness, I see a lot of weakness among our partners, they
Belgium will create an $1.8 billion fund for Ukraine using tax on profits generated by Russian assets frozen after the start of the war, Belgian Prime Minister Alexander De Croo announced. The money, which stems from the nearly $200 billion frozen Russian assets held at Belgium-based clearinghouse Euroclear,
Some 34 countries pledged a combined €500 million to help de-mine Ukraine, led by a 100-million-euro donation from Switzerland, at a donors' conference in Zagreb, Croatia. Pledges made at the conference also included €20 million from Norway, €12.5 million from Sweden, €5 million from Croatia,
The Financial Times published an op-ed by chief economist at German bank LBBW, Moritz Kraemer, calling for the creation of "Ukraine Reconstruction Bonds" backed by either the interest on frozen Russian assets, the European Union or the World Bank. "Investment in Ukraine’s recovery and reconstruction
By Ukraine Rebuild News Staff, Sept 20, 2023 The European Bank of Reconstruction and Development plans to invest about 1.5 billion euros ($1.6 billion) per year in Ukraine this year and next but the figure could rise if reconstruction accelerates, EBRD President Odile Renaud-Basso said at an
By Ukraine Rebuild News Staff, Sept 19, 2023 The 27 foreign affairs ministers of European Union member nations will likely hold their Foreign Affairs Council meeting in Kyiv in early October to show support for Ukraine’s eventual integration into the union, Italian news agency Ansa reported, citing three unnamed
