Ukraine to receive $841M in budget support from Canada soon – Koretskyi
The World Bank will provide Ukraine with $841 million in budget support backed by guarantees from the Canadian government.
Ukrainian Prime Minister Sergii Koretskyi announced at a press conference that Ukraine will have assured access to liquefied natural gas (LNG) at a new terminal located in Klaipeda, Lithuania. This commitment was reached during a meeting between Koretskyi and Lithuanian Prime Minister Mindaugas Sinkevicius. The new terminal is currently under construction, and once operational, Ukraine will benefit from reliable LNG supplies, enhancing its energy resilience and security.
Koretskyi expressed deep gratitude to Lithuania for guaranteeing the LNG capacity, stating that it represents a significant commitment from Lithuania to Ukraine's energy needs. The prime minister also highlighted that Lithuania's support extends beyond energy cooperation. During the meeting, the leaders discussed Lithuania's defense industry and a proposed drone deal, emphasizing Ukraine's focus on strengthening its defense capabilities, particularly in air defense and anti-ballistic programs.
Prime Minister Koretskyi emphasized the importance of Lithuania's financial support for Ukraine, noting Lithuania's pledge to dedicate at least 0.25% of its GDP annually to military assistance. He commended Lithuania and its people for their unwavering dedication to this commitment and their proactive efforts to encourage other countries to follow suit.
Additionally, Koretskyi praised Lithuania's contributions to Ukraine's reconstruction efforts, including the delivery of energy-related equipment, the reconstruction of educational institutions, and the installation of solar panels and energy storage systems in schools and hospitals across Ukraine.
In conclusion, Koretskyi thanked Lithuania for its steadfast support of Ukraine's EU accession and Lithuania's commitment to prioritizing Ukraine's interests during its upcoming presidency of the Council of the European Union.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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