World Bank issues USD 1.5 billion loan to Ukraine

June 30, 2023 13:17

The World Bank's press service said on Friday that the board of directors of the International Monetary Fund (IMF) approved a USD 1.5 billion loan to Ukraine, reported the Russian News Agency TASS.

Moreover, according to the statement, the funds "will help provide relief to households and mitigate the impacts" of Russia's special military operation, TASS reported.

The loan is guaranteed by the government of Japan as part of the Advancing Needed Credit Enhancement for Ukraine Trust Fund (ADVANCE Ukraine) initiative.

Earlier this week, at least four people, including a child, were killed and several others were injured on Tuesday evening when a Russian missile struck a bustling location in the middle of Kramatorsk in eastern Ukraine, reported CNN citing local authorities. Soon after the strikes, emergency services were at the scene helping the injured.

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