Saudi Arabia, Ukraine sign a MOU worth $400 million


Prince Faisal bin Farhan, Minister of Foreign Affairs, and Office Director of Ukrainian President Andriy Yermak, signed an MOU, with a value of up to $400 million.


KSA considered the agreement as an implementation of what the Kingdom announced in mid-October 2022.


that was during a phone call by Prince Mohammed, Crown Prince, to Ukrainian President Vladimir Zelensky.


Prince Mohammed has pledged a package of additional humanitarian aid to Ukraine in the amount of $400 million.

The MOU includes a program to provide humanitarian aid to Ukraine at a value of $100 million.


KSrelief General Supervisor, Dr. Abdullah Al-Rabeeah signed the agreement with Deputy Prime Minister Oleksandr Kuprak .


The MOU includes financing oil derivatives at a value of $300 million as a grant through the SFD for Ukraine.


The MOU was signed by Sultan Al Murshid, CEO of the Saudi Fund for Development, and Ukrainian Energy Minister German Galushenko.


The signing of this agreement reflects the keenness of the Kingdom’s government to support Ukraine


The agreement contributes to mitigating the resulting humanitarian impacts of war.

Russian-Ukrainian war


The Russians invaded Ukraine on February 24, 2022, as the campaign began after a long military build-up.


Russia has recognized the unilaterally declared Donetsk People’s Republic and the Luhansk People’s Republic.


This was followed by the entry of the Russian armed forces into the Donbass region in eastern Ukraine on February 21, 2022.


Russian President Vladimir Putin announced in a speech On February 24, a military operation aimed at “demilitarizing and de-Nazifying Ukraine”.


After that speech, it began bombing sites across the country, including areas in the capital, Kyiv.

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