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World Bank to give Ukraine $530 million in additional aid

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As Russia continues its invasion of Ukraine, the World Bank announced that it would provide $530 million more in aid to Ukraine. This brings the total assistance by the bank to $13 billion.

According to a statement, the aid was supported by the United Kingdom ($500m) and Denmark ($30m).

The bank also stated that $11bn of the $13bn in total assistance to Ukraine has been paid.

According to Arup Banerji (World Bank Regional Country Director for Eastern Europe), the latest analysis by the World Bank puts the long-term costs of reconstruction and recovery in Ukraine at well above $100bn.

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