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World Bank To Provide An Additional $530 million In Support To Ukraine

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The World Bank has announced an additional $530 million in help to Ukraine, raising the bank’s total assistance to $13 billion as Russia’s invasion of the nation continues.

According to a statement from the World Bank, the United Kingdom ($500 million) and the Kingdom of Denmark ($30 million) are funding the assistance.

The bank, $11 billion of the $13 billion in total assistance given to Ukraine has been completely dispersed.

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According to Arup Banerji, Regional Country Director for Eastern Europe at the World Bank, the long-term cost of restoration and recovery in Ukraine over the next three years would be above $100 billion.

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