Business news from Ukraine

Business news from Ukraine

Saudi Arabia to Provide $400 Million in Aid to Ukraine

27 February , 2023  

Ukraine and Saudi Arabia signed documents on Sunday in Kiev to provide Kiev with a $400 million aid package, $100 million in humanitarian aid and $300 million in oil products, Ukrainian President Andrei Yermak said in his Telegram channel.
“There is a successful visit to Kiev of the Foreign Minister of Saudi Arabia, Prince Faisal bin Farhan Al Saud. He met with President Vladimir Zelensky and the team. This is the first official visit of the Minister of Foreign Affairs of Saudi Arabia to Ukraine since the establishment of diplomatic relations between our countries (14 April 1993). And I am personally grateful to Prince Feisal bin Farhan Al Saud for the constructive dialogue that eventually led us to this meeting,” he wrote.
In particular, Yermak also wrote, “we are talking about a joint cooperation program with the King Salman Center for Humanitarian Aid and Relief and a Memorandum of Understanding with the Saudi Development Fund.”
“I would like to remind you that Ukraine and Saudi Arabia have common challenges and experience in dealing with them. We are talking about Iranian UAVs, which were supplied to certain ‘insurgents’ and carried out attacks on Saudi oil facilities,” he also wrote.
Yermak reminded that “starting last year, the same Iranian UAVs ended up with Russian terrorists and carry out attacks on the Ukrainian energy infrastructure. Therefore, we also share experience in fighting terrorists.

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