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The World Bank has decided to immediately terminate all of its programs in Russia and Belarus due to the situation in Ukraine, the WB said in a written statement.
According to the document, since 2014 the World Bank has not approved a single new loan or investment in the Russian Federation, and since mid-2020, not a single new loan has been approved for Belarus. All programs running so far in both countries will be terminated immediately.
Recall, on February 24, Russian President Vladimir Putin made an emergency appeal to the Russians and announced a special military operation in the Donbass. In his speech, he stated that “circumstances require decisive action from Russia” and stressed that “Russia will not allow Ukraine to have nuclear weapons.” In response to Russia’s actions, Western countries (USA, Canada, European Union, Great Britain, Japan) announced new, tougher sanctions against the Russian Federation, including financial and economic ones.
You can follow the chronicle of events in connection with the situation in Ukraine here.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
