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World Bank Approves $530 Million In New Recovery Aid For Ukraine

By RFE/RL October 01, 2022

The World Bank has approved an additional $530 million in reconstruction and recovery assistance to Ukraine as the country fends off a massive military invasion by neighboring Russia.

The bank on September 30 said the new assistance brought the total aid to Ukraine since Russia invaded on February 24 to $13 billion, of which $11 billion has already been disbursed.

World Bank Regional Country Director for Eastern Europe Arup Banerji said the bank estimates Ukraine's total need over the next three years at well over $100 billion.

The assistance comes one day after Russia moved to formally seize four additional Ukrainian regions that are partially occupied by Russian troops, drawing widespread condemnation from the United States and European countries.

Ukrainian President Volodymyr Zelenskiy vowed never to accept Moscow's illegal annexations and urged the West to accept Ukraine's bid to join the NATO defense alliance.

Source: https://www.rferl.org/a/ukraine-world-bank- recovery-aid/32060499.html

Copyright (c) 2022. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.

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