Kyiv signs agreement with World Bank on receiving loan from US at expense of Russian assets

Kyiv signs agreement with World Bank on receiving loan from US at expense of Russian assets

The Ministry of Finance of Ukraine has signed an agreement with the World Bank on a loan from the US in the amount of $15 bln to be secured by income from frozen Russian assets, Ukrainian Prime Minister Denis Shmygal announced, TASS reports.

"The United States will provide Ukraine with $15 bln secured by future income from frozen Russian assets," he wrote on his Telegram channel. "The agreement was signed by the Ukrainian Ministry of Finance and the World Bank. These will include funds from the PEACE in Ukraine project and part of the $20 bln US contribution to the G7 initiative," he added.

Earlier, Shmygal reported that Kiev received the first $1 bln of funds from frozen Russian assets. In this regard, Russian presidential spokesman Dmitry Peskov said that transferring funds to Ukraine using income from Russian assets frozen by the West could in become a reason for prosecution the future, since this money was stolen from Russia.

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