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IMF approves $1.1 billion in funding for Ukraine

The Executive Board of the International Monetary Fund (IMF) approved the disbursement of $1.1 billion in funds for Ukraine via the Extended Fund Facility (EFF), the IMF announced on Dec. 20. The funds represent the latest tranche of the EFF program, which will provide Kyiv with $15.6 billion in budget support over four years. The […]

Ukraine

December 20, 2024

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Biden administration to announce its final $1.2 billion Ukraine aid package under USAI, Reuters reports

The Biden administration is planning to announce in the coming days its final aid package under the Ukraine Security Assistance Initiative (USAI) worth around $1.2 billion, Reuters reported on Dec. 20, citing unnamed sources. The U.S. provided more than $60 billion in military aid to Ukraine under the Biden administration. The USAI is a Pentagon-led […]

Ukraine

December 20, 2024

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Ukraine war latest: US announces $20 billion loan for Ukraine as part of G7 initiative

Key developments on Dec. 10: US announces $20 billion loan for Ukraine as part of G7 initiative Zelensky announces 'successful tests' of new Ukrainian missile 70% of Ukrainians support 'West German' model for NATO accession, survey shows Explosions heard in occupied Donetsk Oblast city, Russian proxies announce evacuation Confusion over Russian advances in Sumy Oblast, […]

Ukraine

December 10, 2024

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EU Defense Commissioner proposes $105 billion defense budget allocation, Politico reports

European Union Commissioner for Defense and Space, Andrius Kubilius, has proposed allocating 100 billion euros ($105 billion) for defense in the next seven-year EU budget, Politico reported on Dec. 8. This amount would be a significant increase from the current 10 billion euros allocated for the EU’s seven-year budget. Kubilius emphasized, in his interview with […]

Ukraine

December 8, 2024

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Blinken confirms Ukraine to receive $50 billion transfer from frozen Russian assets

Ukraine is set to receive $50 billion in frozen Russian assets held by the United States and the European Union, U.S. Secretary of State Antony Blinken announced on Dec. 4. Blinken confirmed during a briefing that the transfer is part of a coordinated effort between the U.S. and EU to support Ukraine. "Making sure that […]

Ukraine

December 4, 2024

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Ukraine, EU sign agreement on up to 35 billion euro loan covered by Russian assets revenue

Ukraine's Finance Ministry and the EU signed a memorandum and an agreement to attract up to 35 billion euros ($36.7 billion) as part of the G7 loan, the ministry said on Dec. 4. The European Commission unveiled the 35-billion-euro loan in September within the framework of the G7's broader $50 billion loan, which is covered […]

Ukraine

December 4, 2024

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Ukraine receives $4.8 billion from World Bank

Ukraine has received a $4.8 billion loan from the World Bank through the PEACE project for social expenditures, Prime Minister Denys Shymhal said on Nov. 27. "We are very grateful to the United States and the development partners who are financing assistance under the PEACE project," Shmyhal said on X. As the ongoing full-scale Russian […]

Ukraine

November 27, 2024

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Biden asking US Congress for $24 billion in Ukraine aid, arms replenishment, Politico reports

U.S. President Joe Biden is quietly asking the U.S. Congress to greenlight an additional $24 billion in assistance to Ukraine and to replenish provided weapons before he leaves office, Politico Pro reported on Nov. 26, citing an obtained document. The news comes amid the Biden administration's efforts to ship in as much aid to Ukraine […]

Ukraine

November 27, 2024

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Drone coalition to gather $1.8 billion by end of 2024, defense minister says

The international drone coalition is planning to gather 1.8 billion euros ($1.8 billion) by the end of 2024 to support Ukraine, Defense Minister Rustem Umerov announced on Nov. 25. "This decision will allow Ukraine to strengthen its technological advantage on the battlefield and destroy the enemy more effectively," Umerov said. An allied initiative, co-headed by […]

Ukraine

November 25, 2024

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Ukraine's foreign budget support surpasses $100 billion since start of full-scale war

Since the start of Russia's full-scale invasion in February 2022, Ukraine has received over $100 billion in foreign-backed external financing to support Ukraine's state budget, the country's finance ministry announced on Nov. 15. In addition to military aid to support Ukrainian military efforts along its eastern border, Western countries and institutions have helped to finance […]

Ukraine

November 15, 2024

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European Commission approves $4.3 billion for Ukraine under Ukraine Facility program

The European Commission agreed to allocate 4.1 billion euros ($4.3 billion) to Ukraine under the Ukraine Facility program, European Commission President Ursula von der Leyen confirmed on Nov. 14. The decision must be approved by the EU Council before the transfer. "As we're approaching the 1000th day of Russia's atrocious war, we will help keep […]

Ukraine

November 14, 2024

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Ukraine's 2025 budget includes $1.3 billion for weapons production, minister says

Ukraine's budget for 2025 envisages Hr 55 billion ($1.3 billion) for weapons production, Strategic Industries Minister Herman Smetanin said on Nov. 12. Ukraine began actively developing its defense production after Russia's full-scale invasion in February 2022. Some Hr 54.55 billion ($1.3 billion) will be directly allocated for the development and implementation of new technologies, and […]

Ukraine

November 12, 2024

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