Ukraine to receive $1.5B loan from World Bank

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Photo by Karolina Grabowska on

Ukraine announced on Thursday that it will receive a $1.5 billion loan from the World Bank “under the guarantee of the Government of Japan.”

According to Ukrainian Prime Minister Denys Shmyhal, the World Bank Group has so far mobilized $34 billion to assist Ukraine, of which more than $22 billion has already been delivered to the country’s budget.

European prosecutors to probe criminal trade of luxury cars in Bulgaria, France

The European Public Prosecutor’s Office announced on Thursday that it has launched a probe into organized criminal trade of luxury cars in Bulgaria and France.

“The suspected criminal group, active in several EU countries, is believed to be laundering the proceeds of criminal activity by trading luxury cars without paying VAT,” the office said in a statement.

The illegal activities dated back to 2018 and caused at least €11 million ($12.3 million) damage to the EU budget.

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