In Belarus, the institution had committed to 11 projects for a total amount of 1.15 billion dollars. In Russia, the Bank was carrying out 4 projects representing 370 million.
The retaliatory measures against Moscow and Minsk continue. The World Bank announced on Wednesday the immediate suspension of all its aid programs in Russia and Belarus. The Washington institution took this decision “following the Russian invasion of Ukraine and the hostilities against the Ukrainian people”.
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In Belarus, the World Bank had committed to 11 projects totaling $1.15 billion. In Russia, she was carrying out 4 projects representing 370 million. The institution also stressed that it had not approved “any new loan or investment in Russia since 2014”, that is since the annexation of Crimea by Moscow. “There has also been no new loan approved for Belarus since mid-2020,” she said.
Help for Ukraine
On Tuesday, the World Bank announced that it was preparing emergency aid of three billion dollars for Ukraine, of which at least 350 million could be released this week.
Washington’s other major institution, the International Monetary Fund, is also considering additional aid to Kiev in addition to the $2.2 billion to be released by the end of June.