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Zelenskyy discusses options for using frozen Russian assets with World Bank chief

Zelenskyy discusses options for using frozen Russian assets with World Bank chief President of Ukraine Volodymyr Zelenskyy met with the head of the World Bank (Photo:

President of Ukraine Volodymyr Zelenskyy has met with World Bank President Ajay Banga, according to the website of the President of Ukraine.

Zelenskyy thanked the World Bank for the significant support provided to Ukraine since the beginning of the full-scale war with Russia. He noted that the Bank had played a key role in mobilizing international financial assistance for Ukraine and provided active support in working with international donors.

The World Bank will continue to help Ukraine financially and with knowledge to rebuild its economy.

The parties discussed how to make Ukraine's financial system more resilient to the war and how to increase the use of non-cash payments.

"Creating a true cashless economy is extremely important for Ukraine, and I fully support this project," the President emphasized.

Zelenskyy and Bang discussed the resumption of mortgage lending in Ukraine. The World Bank will help create mechanisms that will allow commercial banks to raise more funds in the mortgage market and reduce mortgage rates.

The parties also discussed the possibility of using frozen assets for Ukraine's recovery.

Zelenskyy's trip to the United States

On December 11, President Volodymyr Zelenskyy arrived on a working visit to the United States. In Washington, the Ukrainian leader will meet with President Joe Biden.

Earlier, we wrote that Zelenskyy met with International Monetary Fund (IMF) Director Kristalina Georgieva in the United States.

By the way, we also wrote that the President of Ukraine in the United States named a goal for 2024.

Earlier, we wrote about Zelenskyy's statement that Russian dictator Putin must lose the war.

Read more about Zelenskyy's trip to Washington and what to expect from his meeting with Biden in RBC-Ukraine's article.