Transfer of over 3.5 million dollars for the restoration of Ukraine

• ARMA transferred 3.57 million dollars to Ukraine.
• Funds will be directed to the restoration of infrastructure and housing.
• The agency continues to utilize sanctioned assets for the benefit of the region.

This was reported by Ukrayinska Pravda, Interfax Ukraine.

The agency for the management of state assets (ARMA) of Ukraine transferred to the state budget 3.57 million dollars from the sanctioned company Royal Pay Europe. These funds will be directed to the restoration of Ukraine following the consequences of the Russian aggression.

Details: The amount that was transferred amounts to 3,572,585.29 dollars. Funds will be allocated to the Fund for the liquidation of the consequences of the military aggression.

Quote: "These funds will be allocated to the fund for the liquidation of the consequences of the military aggression and will help restore the region: the construction of housing for those who lost it, the restoration of infrastructure, the development of medical institutions, and the construction of protective structures."

Fund information:

• On July 24, ARMA took control of nearly 100 million hryvnias (2.4 million dollars) in cash, excluded from the case of embezzlement in the election sector.
• On August 1, the agency announced that the administrator of the International Center for Culture and Arts (Palace of Ukraine) made the first payment in the amount of 1.4 million hryvnias (33 thousand dollars) to the state budget.
• On August 6, it became known that ARMA started selling 14,673 tons of Russian scrap metal, which was stored in 215 freight cars.

Tags: Ukraine/Economy