STORY
The Government has announced a $1 billion tranche of UK-backed finance for Ukraine through the World Bank. Deputy Prime Minister David Lammy said the funding would support Ukraine’s resilience and recovery by helping to keep essential public services operating during the war.
The Government said the UK-backed package would help unlock more than $4 billion in additional financing when pooled with support from international partners. Lammy made the announcement while leading the UK delegation to the Ukraine Recovery Conference in Gdańsk.
The package sits alongside a further recovery and energy security package announced by Foreign Secretary Yvette Cooper worth almost £290 million. Ministers said the funding would support public services, economic growth and Ukraine’s long-term reconstruction.