Zelensky meets World Bank and IMF

RUSSIA / FSU POLITICS - In Brief 13 Dec 2023 by Alex Teddy
On December 11 the Ukrainian President met the heads of these two institutions in Washington DC. Ukraine is keen to secure more loans from these Western-dominated institutions. This is crucial because donations from European countries and the US are in serious doubt. The IMF approved USD 900 million for Ukraine. Zelensky also attempted to persuade the US Congress to provide more aid. He said that blocking this aid this was helping Russia and endangering democracy. There is little indication that Zelensky has been successful in persuading Republicans to pass the aid package. If it passed by the Senate it still has to go to the House of Representatives. The European Union is considering whether to confiscate Russian state and private assets that are currently frozen in the EU. There are EUR 235 billion of these assets. These would then be used to aid Ukraine. 

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