Latest News

Britain pledges $100 million to help keep Ukrainian state running

0

© Reuters. Volunteers prepare food for local residents and members of the Ukrainian Territorial Defence Forces at a field kitchen, as Russia’s invasion of Ukraine continues, in Kyiv, Ukraine March 6, 2022. REUTERS/Valentyn Ogirenko

LONDON (Reuters) – Britain will provide $100 million (75.6 million pounds) to Ukraine through the World Bank, seeking to keep core state functions running and mitigate financial pressures caused by Russia’s invasion, Prime Minister Boris Johnson’s office said.

Britain has sought a central role in the international response to Russia’s invasion of Ukraine by providing defensive military aid, arguing for tougher sanctions again the Kremlin and offering financial support.

Nevertheless, Johnson’s government has faced criticism that its sanctions have been too slow and its refugee programme underwhelming.

The latest round of cash, which is in addition to $290.95 million (220 million pounds) pledged already, could be used to pay public-sector workers in Ukraine or fund pension and social security payments, British authorities said.

“While only Putin can fully end the suffering in Ukraine, today’s new funding will continue to help those facing the deteriorating humanitarian situation,” Johnson added.

The money will be disbursed through the World Bank Multi-Donor Trust Fund, which is designed to fast-track donations to Ukraine and is already used by some other nations.

The funding announcement comes ahead of visits to London by Canadian Prime Minister Justin Trudeau and Netherlands leader Mark Rutte, which Johnson will seek to use to strengthen the international response to the invasion.

The three leaders will hold a news conference on Monday.

($1 = 0.7561 pounds)

Britain pledges $100 million to help keep Ukrainian state running

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

TikTok suspends livestreaming, new uploads in Russia

Previous article

Sunday Night Futures

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News