Wednesday05 February 2025
manipulyator.in.ua

Ukraine will receive $15 billion from the U.S. for salaries and social benefits.

Funding will be provided through a special financial intermediation fund.
США выделят Украине $15 млрд на выплату зарплат и социальных пособий.

The Minister of Finance of Ukraine, Serhiy Marchenko, signed a grant agreement with the World Bank for up to $15 billion as part of the G7 initiative, as announced by the Ministry of Finance on the morning of December 30. This funding is part of a larger contribution from the United States totaling $20 billion under the G7 program.

Ukraine has already received the first tranche of $1 billion earlier through the "Foundations of Growth" program.

Prime Minister Denys Shmyhal expressed gratitude to the United States and the World Bank for implementing the initiative:
"Thank you to the United States and the World Bank for supporting the initiative that makes Russia pay for its aggression against Ukraine."

Funding will be provided through a special financial intermediation fund established by the World Bank in October 2024.

Target allocation of funds:

  • Salaries for healthcare workers, educators, emergency services personnel, and government employees.
  • Social payments for low-income families, internally displaced persons, people with disabilities, and families with children.

Features of the G7 program:

  • The total amount of the program reaches $50 billion.
  • Funding will be sourced from profits from frozen Russian assets.
  • The United States and the European Union are the main donors of the program, with the EU ready to step in if the new White House administration declines to participate.

Minister Serhiy Marchenko noted that this program will provide Ukraine with guaranteed funding for social and humanitarian needs in 2025, allowing it to allocate its own resources for military purposes.