The World Bank announced a $750-million support package for Ukraine on November 7.
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.
Since February 2022, Ukraine received over $37 billion of budget support from World Bank partnerships.
The new funds will come under the SURGE project which aims to support the necessary institutional reforms for the EU.
In a statement, Bob Saum, World Bank’s country director for Eastern Europe said: “It is amazing to see that, despite the destruction that Ukraine has experienced during the third year, all state institutions are operating without disruptions and that key state services are being provided to citizens at full capacity.”
As the country moves ahead, it will be important to develop its capacity for a long-term development, prepare for European Union membership, manage public infrastructure and public finances efficiently, and enhance revenue management.
Denys Shmyhal, Ukrainian Prime Minister, welcomed the news via Telegram.
“We are grateful for the leadership of the World Bank, and our international partners, for this important support provided to Ukraine under the conditions of a full scale war unleashed from Russia,” he stated.
Since February 2022, Ukraine received over $37 billion of budget support from World Bank partnerships.
In a single attack, Russian forces killed nine and injured more than 40 people in Zaporizhzhia.
Five times, guided aerial bombs were used by Russia to strike Zaporizhzhia. The attack damaged houses, an apartment building and a cancer hospital.
The air raid alert was sounded in Kyiv at around 9:30 pm local time on November 7, but the all-clear was not given until just after 7 am the next morning.
Since Ukraine launched its cross-border offensive at the beginning of August, Kursk Oblast has been a scene of heavy fighting.
This includes 1,580 casualties that Russian forces have suffered in the last day.
The attack caused damage to multiple residential buildings as well as a local primary school. According to preliminary information, one person died and nine others were injured.
Local authorities reported that at least 25 people were injured, and that there may be more trapped under the rubble. Search and rescue operations continue at the building.
Lindner said that Scholz had fired the former Finance Minister Christian Lindner because he suggested sending Ukraine Taurus rockets instead of financial assistance, Lindner said.
Sabrina Singh, Deputy Pentagon press secretary, said Washington was “confident” it could fulfill its commitments towards Kyiv.
The International Chamber of Commerce will lower the arbitration court costs for foreign investors who are involved in Ukraine’s rebuilding projects to encourage much needed investment.
At a press conference held at the European Political Community Summit in Budapest, President Volodymyr Zelensky said that he thought Trump wanted to end Russia’s war quickly, but that they had not discussed any plan.
Reuters reported that the collapse of the coalition would not prevent Germany from providing the majority of the 4 billion euro ($4.3 billion) budget promised to Ukraine.
On Nov. 7, Russian President Vladimir Putin congratulated Donald Trump for his victory in the U.S. Presidential election during the Valdai Forum in Sochi.
The President Volodymyr Zelensky insists on the opening of Boryspil International Airport first.
Vertigo Games, the VR company, released Metro Awakening on November 7, the fourth installment in the popular postapocalyptic franchise set in Russia’s subway.
“We must work together.” “I look forward to meeting with Donald Trump and discussing how we can collectively face these threats, what we need do,” said NATO Secretary General Mark Rutte.
The locations of military sites in Ukraine are no longer displayed on Google Maps, said Andrii Kovalenko, head of the Counter-Disinformation Center under Ukraine’s National Security and Defense Council, on Nov. 7.
Naftogaz, the CEO of Ukraine’s state-owned oil company, said that despite reports of a nearing contract, no deal between Europe and Azerbaijan is on the table to keep gas flowing via Ukraine after a transit agreement with Russia expires this year.
The Kyiv Independent interviewed Kurt Volker a few hours after Donald Trump won the U.S. Presidential election. He served as the U.S. Special Representative for Ukraine Negotiations in 2017-2019 and as U.S. Ambassador to NATO in 2008/2009.
Oleh Tatarov has been to Moscow at least 9 times since the initial Russian invasion of Ukraine, according to RFE/RL Schemes, an investigation project that cites flight data.
“Peace rewards only the strong,” said President Zelensky.
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