Reuters reported that the World Bank’s executive board approved the creation of a fund on October 10 to help fulfill the Group of Seven‘s (G7) $50 billion loan.
During the G7 summit held in Italy in June, G7 leaders confirmed publicly a deal to provide Ukraine with $50 billion in loans by the end the year. The loan will be repaid through interest on billions of dollars in frozen Russian assets.
As part of this pledge, Ursula von der Leyen, President of the European Commission announced in September a loan up to 35 billion euro ($39 billion).
The ongoing full-scale Russian invasion continues putting pressure on Ukraine’s business and economy. The World Bank plays an important role in supporting this sector.
In the run-up to the U.S. Presidential election, concerns about the stability of international funding for Ukraine grew. Many feared that a Trump victory could lead to a reduction in American support.
The new World Bank-administered Financial Intermediary Fund (FIF) may help to alleviate these concerns.
“This is a game changing amount of money,” said Josh Lipsky. He was referring to both the combined effect of a new World Bank fund, and the announcement made the day before that the EU had approved a 35 billion euro loan, as part of he same fund.
Lipsky told Reuters that “it’s the real resources on ground that can make a big difference.”
The sources said that the funding would come from the U.S.A., Japan and Canada. They added that the interest generated by frozen Russian assets will back the funding.
The exact amount that each country would be contributing was not specified.
Sources told Reuters that the funding would come from the U.S.A., Japan and Canada. They added that it would be backed up by interest generated from frozen Russian asset.
Media Initiative for Human Rights reported on October 11 that Viktoria Roshchyna was a Ukrainian journalist held in Russian detention centres where torture is used to punish the prisoners.
“A future of peace and prosper means also looking at reconstruction. I am pleased to announce that the “Ukraine Recovery Conference” will be held in Rome, Italy on 10 and 11, July 2025,” said Italian Prime Minister Giorgia Mello.
A Ukrainian official stated that “the Russian plan in Kursk Oblast was thwarted thus far” due to Russian forces suffering losses.
In Steven Seagal’s latest documentary, “In the Name of Justice”, which was shared by the Russian state-run platform Smotrim, the actor is shown visiting various occupied areas of Ukraine, including Mariupol.
During a 35-minute meeting, the pope presented Ukraine’s president with a bronze relief with a flower, and an inscription that read, “Peace, a fragile flower.”
On Oct. 11, Russian President Vladimir Putin arrived in Turkmenistan and spoke at an international conference attended by Central Asian leaders, including the president of Iran.
The alleged attempts to pressurize the media outlet “are nothing less than anti-democratic, given the essential role that the newsroom plays in upholding the core national value of freedom the press,” Gulnoza Saied, the Committee to Protect Journalists’ Europe and Central Asia Program Coordinator said.
Vasyl Chynchyk, the head of administration in the town, said that approximately 1,150 people still live there.
Regional authorities reported early on October 11 that Russian attacks in Ukraine have killed six people and injured 27 others over the past 24 hours.
Maksym Kozoytskyi, the Lviv Oblast Governor, confirmed that the passenger bus, which carried the logo of popular transport company FlixBus was travelling from Warsaw to Odesa.
The General Staff has not provided any further details on how the helicopter was destroyed.
In a documentary broadcast on national television, Commander-in Chief Oleksandr Sryskyi stated that “we know about approximately 50,000 soldiers who were transferred from other sectors to the Kursk directions.”
Oleh Kiper, the Governor of Odesa, reported that Russia launched a missile attack on the district of Odesa, killing at least 4 people, including a girl aged 16 years old.
This includes 1,140 casualties that Russian forces have suffered in the last day.
The Norwegian government will spend up to 967 millions kroner ($87.5 million) on enhancing its defense industry. This money is aimed at supporting Ukraine in the face of Russia’s full scale invasion.
During his visit to Italy, President Volodymyr Zelensky presented the Ukrainian victory plan to Italian Premier Giorgia Mello.
On Oct. 10, Russian President Vladimir Putin signed a decree allowing Georgians to enter Russia without a visa if they are working or studying there. Moscow is continuing to warm up its relations with Tbilisi despite concerns about the country’s democratic slide.
Bloomberg reported on October 10 that the premiums on war risk insurance for vessels traveling through Ukraine’s Black Sea shipping corridor have increased by approximately 33 per cent as a result of recent Russian attacks on foreign ships.
Local media reported that two large fires broke out at an oil terminal terminal in Russian-occupied Feodosia, late at night, on October 10. They were at the site of another blaze, which had been burning for 4 days, at a previous Ukrainian drone attack.
The strike on Oct. 9, which left eight dead and 11 injured, hit a civilian vessel flying the Panamanian flag and damaged its cargo. This was the third Russian attack on a civilian vessel within four days.
Petro Yatsenko is a spokesperson for Ukraine’s Coordination HQ for the Treatment of Prisoners of War. He said that the circumstances of Viktoria Rosahchyna’s death are yet to be confirmed.
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