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                        THURSDAY, NOVEMBER 28, 2024
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Russia to use IMF special drawing rights to provide Ukraine loan
Journal Staff Report

MOSCOW, Jan. 24 - Russia plans to provide $5 billion of the $15 billion it intends to lend to Ukraine through its special drawing rights at the IMF and the other $10 billion from the National Welfare Fund, Russian Finance Minister Anton Siluanov said.

"We can use SDR to provide credit resources to our neighbor on loan terms with payment of interest so that they can settle up with the IMF. This is about $5 billion. Therefore, of the $15 billion part, $5 billion, will be provided in the form of SDR [and] $10 billion will be invested from NWF resources," Siluanov said on radio station Ekho Moskvy.




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