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WB Clears $723M Emergency Package For Ukraine
- By The Financial District
- Mar 9, 2022
- 2 min read
The World Bank (WB) has cleared a $723-million emergency assistance for Ukraine on Mar. 7, 2022, Ukraine Daily, a bulletin published by Kiev Independent reported.
Photo Insert: The money from the World Bank is intended to help the Ukrainian government deliver critical services to citizens, including financial support to hospital workers, the elderly, and the vulnerable.
The money is intended to help the Ukrainian government deliver critical services to citizens, including financial support to hospital workers, the elderly, and the vulnerable. WB is also preparing a $3 billion package for Ukraine in the coming months.
Russian Foreign Minister Sergey Lavrov has claimed “the goal of Russia’s special military operation is to stop any war that could take place on Ukrainian territory or that could start from there.”
In a terse retort, US State Department Spokesman Ned Price said “this is a flat-out lie. Russia’s special military operation is instigating a war in Ukraine. Ukraine does not want a war.”
Ukraine’s transport infrastructure has suffered at least $10 billion in damage due to the Russian invasion. Ukrainian Minister of Infrastructure Oleksandr Kubrakov estimates that most losses can be recovered in a year, with the most complex in a “maximum of two.”
As this developed, Ukrainian snipers killed Russian Maj. Gen. Vitaly Gerasimov near Kharkiv, the Defense Ministry said. Gerasimov was a senior military official who participated in the second Chechen war and was awarded a medal for “capturing Crimea.”
Nearly 100% of Russia’s available combat power is already in Ukraine. A senior US defense official cited by CNN said Russia has already launched more than 625 missiles against Ukraine.
Ukraine’s air defense forces also reported downing Russian aircraft over Kyiv. The first plane was shot down around 8:30 p.m. over the city and shortly after that, another Russian plane was destroyed in an air battle on the city’s outskirts, according to the commander of the Armed Forces of Ukraine Valerіy Zaluzhny.
Ukrainian President Zelensky also signed a decree recalling Ukrainian peacekeeping forces to defend Ukraine. The decree declares that all soldiers and equipment dedicated to UN peacekeeping operations must return to Ukraine to assist in the war effort.
