It is noted that today, December 20, the Ministry of Finance of Ukraine signed the relevant agreements with the World Bank.
We talk about:
- Non-refundable contribution to the amount 1 billion dollarsfrom the World Bank Special Fund (FIF) thanks to the US contribution under the G7 initiative.
- Borrow 1.05 billion dollars secured guarantees from the governments of Japan and Great Britain.
“Ukraine has implemented all necessary measures to receive funds. We are grateful to our partners for their support on the path to economic development and recovery,” Shmygal stressed.
Frozen Russian assets
Frozen Russian assets are financial and material resources that have been frozen as a result of international sanctions imposed after the start of Russia’s full-scale invasion of Ukraine in February 2022.
According to various estimates, the total amount of frozen assets in Russia exceeds USD 300 billion. These funds include reserves of the Central Bank of Russia placed in foreign banks, as well as assets of Russian state-owned companies and individuals close to the Kremlin.
A significant part of the frozen assets belong to oligarchs and businessmen connected to the Russian authorities. These are real estate, yachts, airplanes, bank accounts and other valuables.
Let’s add that EU Economic Commissioner Valdis Dombrovskis said that the European Union should consider the possibility of confiscating the assets of the Russian Central Bank to pay compensation to Ukraine.
