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Ukraine receives $400m from UK, wants to draw €50m grant from Germany

The aid from the UK will be used for social payments, pensions, salaries for doctors and teachers, and for the critical needs of our country.

Ukraine receives $400m from UK, wants to draw €50m grant from Germany
Denys Shmyhal
Photo: Vitaliy Nosach

On 23 November, Ukraine received $400 million from the United Kingdom through the World Bank Trust Fund, Prime Minister Denys Shmyhal has announced at a government meeting.

According to him, these funds will be used for social payments, pensions, salaries for doctors and teachers, and for the critical needs of our country.

At a meeting of the Cabinet of Ministers on 24 November, the government also adopted a decision that will allow drawing a grant from Germany to support the economy.

The Cabinet of Ministers has approved a €50 million budget support grant from the KfW as part of the Anti-Crisis Support for the Resilience of Ukraine's Economy, according to Taras Melnychuk, the government's representative in parliament. The funds will be used to finance the state support programme Affordable Loans 5-7-9%.

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