Jackpot for Ukraine at a critical time..!? Will it affect Russia..?

Sowmiya Sriram
Jackpot for ukraine at a critical time..!? Will it affect Russia..?

As the war between russia and ukraine continues to increase, ukraine applied to join NATO again a few days ago. While many countries including the United States, Europe, and britain are already helping ukraine, the international Monetary Fund has issued an important announcement. This announcement is unfavorable to Russia. The international Monetary Fund announced on friday that the IMF Executive Board has approved the $1.3 billion emergency funding requested by Ukraine.
Ukraine's request was for financial assistance to boost its economy amid its war with Russia. The IMF Executive Board has decided to provide a $1.3 billion loan under its financial program to help ukraine deal with food shortages. Russia's war on ukraine on february 24 caused massive casualties and economic damage in Ukraine. With this, Ukraine's GDP will go up to -35 percent in 2022.
President of ukraine Volodymyr Zelensky thanked the IMF for this financing. 50 percent of Ukraine's quota has been provided through rapid financing. The IMF has announced that this financial assistance will help not only to alleviate the food shortage but also to pay the debt already taken. The U.S. has been increasingly helping ukraine with money and weapons.
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