Ukraine to receive $1.5 billion from World Bank to support reconstruction

A view shows a building of a restaurant heavily damaged by a Russian missile strike, amid Russia's attack on Ukraine, in central Kramatorsk, Donetsk region, Ukraine June 27, 2023. Head of the Donetsk Regional Military-Civil Administration Pavlo Kyrylenko via Facebook/Handout via REUTERS

KYIV (Reuters) - Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday.

The funds will be provided with guarantees from the Japanese government and channeled to support social security and economic development, Shmyhal, whose country has been invaded by Russia, said on the Telegram messaging app.