Sweden has allocated 1.4 billion Swedish kronor (nearly €127 million) under a new World Bank (WB) mechanism providing assistance for Ukraine’s recovery. This was stated in a message from the press service of the Swedish government.

It is noted that today the country’s government approved the allocation of the funds. Thanks to this contribution, loans for Ukraine’s recovery and reconstruction projects totaling about 4.2 billion kronor (€380 million) will become possible.