What's Hot

    Father’s Day – Stepping into father’s shoes

    June 18, 2022

    4 Expert-Backed Strategies for Managing Anxiety

    April 15, 2022

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram LinkedIn
    United Business OutlookUnited Business Outlook
    NOMINATE FOR AWARDS
    • Home
    • Top Global News
    • INFO-TECH
      1. Social Media
      2. How-To
      3. Computer & Laptops
      4. Mobile & Tablets
      5. Gadgets
      6. View All

      5 Best Video Editing Apps For Social Media

      March 30, 2022

      Social Media Strategies To Follow

      March 15, 2022

      WeChat: What You Need To Know

      March 7, 2022

      Social Media Content You Need to Create.

      February 5, 2022

      Things to know before starting a business with friends

      March 25, 2022

      How to get a job in the finance industry

      March 2, 2022

      How modern technology helping us solve problems

      February 28, 2022

      Legal requirements to start a business

      February 28, 2022

      Cloud computing basics

      March 9, 2022

      OnePlus 10 Pro- The launch we are waiting for!

      March 29, 2022

      The most valuable brands in 2022

      March 14, 2022

      How modern technology helping us solve problems

      February 28, 2022

      Huawei launches Smart Glasses with Detachable Front Frame along with MateBook X Pro.

      December 25, 2021

      Father’s Day – Stepping into father’s shoes

      June 18, 2022

      4 Expert-Backed Strategies for Managing Anxiety

      April 15, 2022

      Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

      April 4, 2022

      UK could open seven new nuclear power stations to reduce Russian oil dependence

      April 4, 2022
    • Markets
    • Crypto
    • Funding
    • More
      • Retail
      • Entrepreneurs
      • Automotive
      • Healthcare
      • Industries
      • Technology
      • Companies
        • Apple
        • SamSung
      • Fintech
      • Marketing
      • Real Estate
      • Sales
    United Business OutlookUnited Business Outlook
    Home»Top Global News»Russia-Ukraine Conflict: World Bank approves $723m loans for Ukraine war

    Russia-Ukraine Conflict: World Bank approves $723m loans for Ukraine war

    Anjali SinghBy Anjali Singh2 Mins Read Top Global News March 8, 2022
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    russia-ukraine conflict
    image source- indianexpress.com
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The ongoing Russia-Ukraine conflict is not getting any better. As Ukraine confronts a Russian invasion, the World Bank has approved $723 million (£551 million) in loans and grants for the Ukraine.

    The bank stated that it is working on a new $3 billion package of assistance for the country in the coming months.

    world bank approves $723m package of loans
    image source- republicworld.com

    It also promised more assistance to neighboring countries. Countries tat are hosting more than 1.7 million refugees, most of whom are women, children, and the elderly.

    A $100 million promise from the United Kingdom is part of the financial package for Ukraine.

    Read More On Russia-Ukraine Conflict:

    • Russia invasion of Ukraine results rise in oil prices
    • H&M suspends its Russian sales temporarily
    • Ukraine and Russia conflict, Ukraine retakes control

    In a statement, World Bank President David Malpass said, “The World Bank Group is taking swift action to support Ukraine and its people in the face of the violence and significant disruption created by the Russian invasion.”

    The cash, according to the bank, will assist Ukraine’s government in providing crucial services. Service which include wages for medical personnel, pensions for the aged, and social programs for the poor.

    Moreover, a $350 million loan is included in the deal, which is supplemented by $139 million in guarantees from the Netherlands and Sweden.

    It also includes $134 million in grants from the United Kingdom, Denmark, Latvia, Lithuania, and Iceland, as well as $100 million in Japanese funding.

    Mr. Malpass told the BBC last week that the war is a “catastrophe” for the world, and that it will slow global economic growth.

    He explained that the war in Ukraine comes at a poor time for the world since inflation was already on the rise.

    He made it clear that his main concern was “pure human loss of life.”

     

    loans Ukraine ukraine conflict world bank
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleUkraine and Russia conflict, Ukraine retakes control
    Next Article Brexit red tape: Irish businesses to reduce dependency on UK
    Anjali Singh
    • Tumblr

    I'm Anjali Singh. Writing is what I do. I look out for opportunities where I can learn and grow. I'm a creative and witty person. I'm quite artistic & I admire the art of different forms.

    Related Posts

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022

    Tesla: Despite obstacles, Tesla produces a record number of automobiles

    April 4, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    advertisement@unitedbusinessoutlook.com

    United Business Outlook Is An Online Magazine Providing Comprehensive Coverage And Analysis Of International Businesses From All Industries.

    We're social. Connect with us:

    Facebook Twitter Instagram YouTube LinkedIn
    Top Global News

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022

    Tesla: Despite obstacles, Tesla produces a record number of automobiles

    April 4, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2023 United Business Outlook | A Venture by Famezop Media.
    • Home
    • Get In Touch
    • Our Authors
    • Privacy & Policy

    Type above and press Enter to search. Press Esc to cancel.