KYIV, Dec 13 – The Cabinet of Ministers of Ukraine at a meeting on Friday approved attracting up to $15 billion in a grant for budget support from the International Bank for Reconstruction and Development (IBRD) of the World Bank Group. These will be the first funds within the G7 initiative to allocate $50 billion to Ukraine at the expense of income from frozen Russian assets.

As representative of the Cabinet of Ministers in the Verkhovna Rada Taras Melnychuk reported on the Telegram channel, we are talking about attracting from the IBRD, acting as the executive institution of the Financial Intermediation Fund to assist in attracting resources for investment in strengthening Ukraine within the eighth additional financing of the Project Public Expenditures for Administrative Capacity Endurance in the amount of up to $15 billion.