The institution announced on Tuesday that it was preparing $ 3 billion in emergency aid for Ukraine.
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Posted on 03/03/2022 11:49 Updated on 03/03/2022 12:22
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Economic sanctions imposed on Moscow by the Western camp are becoming tougher. The World Bank announced on Wednesday (March 2nd) the immediate suspension of all aid programs in Russia and Belarus in retaliation for the invasion of Ukraine.
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The Washington-based institution (USA) also stressed in a press release that it had not approved “any new loan or investment in Russia since 2014”, ie after the annexation of Crimea by Moscow. “Also, no new loan has been approved for Belarus since mid-2020,” she said.
In Belarus, the World Bank is committed to eleven projects worth $ 1.15 billion. In Russia, she led four projects, worth 370 million, according to the institution’s website.
On Tuesday, the World Bank announced it was preparing $ 3 billion in emergency aid for Ukraine, of which at least $ 350 million could be released this week.
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