It is still unclear whether the equivalent of 1.4 billion euros is aid money or a loan.

The World Bank is providing Ukraine with additional funding of $1.49 billion (€1.4 billion). The government could use it to pay wages for state employees, as the World Bank explained.

The organization provides “further support to Ukraine in view of the ongoing war,” said World Bank chief David Malpass. It was initially unclear whether the new funds were aid money or a loan.

The World Bank said the new funding brought the organization’s support to Ukraine to around $4 billion. According to estimates by the World Bank, the Ukrainian economy is likely to shrink by about half this year as a result of the Russian war of aggression.