![]() Zelenskyy, who has previously spoken in favour of Ukraine's full membership in NATO, claimed that Ukraine already plays a significant role in the defence of Europe.Īlso read: Is Russia plotting disaster worse than Chernobyl after rigging explosives at chemical plant? He then formally welcomed "friend" and Ukrainian President Volodymyr Zelenskyy to the summit. We will stand with Ukraine for as long as it takes as they continue to win this war,” added Sunak. So, together with our allies, we will maintain our support for Ukraine’s defence and for the counter-offensive. “This is a vibrant, dynamic, creative, European country that refuses to be subdued. The International Monetary Fund (IMF) is investing USD 15 billion in Ukraine over four years as part of a USD 115 billion commitment by the G7, according to Sunak, who also announced the launch of a new "UK-Ukraine TechBridge" to foster investment and talent as well as support for green energy. With this support, we will keep delivering on that mission and help Ukrainians imagine a life after the war,” he said.Īlso read: Russia-Ukraine war: Vladimir Putin confirms first nuclear weapons moved to Belarus “The World Bank Group is designed to do hard things like helping people rebuild their lives after the devastation. “The UK’s support is backed by a major signal of intent from world-leading businesses, with more than 400 companies, from 38 countries, with a combined annual revenue of over USD 1.6 trillion, pledging to back Ukraine’s recovery and reconstruction in the wake of Russia’s illegal invasion,” said the Indian-origin World Bank chief. ![]() The "generous" guarantees from the UK government to assist the people of Ukraine at a crucial time were welcomed by World Bank Group President Ajay Banga. Over three years, we will provide loan guarantees worth USD 3 billion,” he said. “The British government will continue to play its full part and I’m proud that today we’re announcing a multi-year commitment to support Ukraine’s economy. So, we’re working with allies to explore lawful routes to use Russian assets,” said Sunak in his opening address. “It’s clear that Russia must pay for the destruction that they’ve inflicted. In his opening remarks at the Ukraine Recovery Summit on Wednesday, British Prime Minister Rishi Sunak declared that "Russia must pay" for the damage done to its European neighbour and promised 3 billion USD in credit guarantees from the UK government. Sunak lauded the "ingenuity and defiance" of Ukraine while criticising Russia for attempting to take down the nation's electrical grid, which he claimed was back online and even exporting energy. In an effort to rally worldwide support for the nation in its ongoing confrontation with Russia, the two-day conference is being jointly sponsored by Ukraine and London.Īlso read: US admits to making $6.2 billion accounting error on Ukraine (WATCH) ![]()
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