At recovery summit, UK’s Sunak to unveil major Ukraine support

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At recovery summit, UK’s Sunak to unveil major Ukraine support
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British Prime Minister Rishi Sunak will unveil a major package for Ukraine, including $3 billion of additional guarantees to unlock World Bank lending, on the first day of a summit aimed at spurring efforts to rebuild the country on Wednesday. | Reuters

“I’m proud that today we’re announcing a multi-year commitment to support Ukraine’s economy, and over the next three years, we will provide loan guarantees worth $3 billion.”

The United States is also expected to set out “a new, robust” assistance package for Ukraine on Wednesday. His office said he would also launch the London Conference Framework for War Risk Insurance at the summit and that some major companies had already signed up to the so-called Ukraine Business Compact, a statement of support for Ukraine’s recovery.

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