Januš Kizenevič at a meeting with the Vice-Minister of Finance of Ukraine: "Lithuania remains a strong supporter of Ukraine"
At a meeting in Washington with Olga Zykova, Vice-Minister of Finance of Ukraine, Januš Kizenevič assured that Lithuania would continue to fully support Ukraine, both financially and actively, to ensure the support of the European Union and international financial institutions to the country affected by the Russian aggression. During the meeting, the Vice-Minister also informed about Lithuania’s intention to contribute EUR 10 million to the World Bank’s Ukraine Relief, Recovery and Reconstruction Trust Fund.
“Lithuania is strongly committed to continuing Ukraine’s consistent support, both financially and morally. Russia’s war against Ukraine is an attack on Europe as a whole, so our support will remain strong and lasting. Considering the increasingly brutal Russian attacks, we will make an additional contribution of EUR 10 million to the World Bank Fund, which effectively provides support to the defending country in restoring the necessary infrastructure", Vice-Minister Kizenevič stated.
At the meeting, the Vice-Minister praised the work of Ukrainian institutions in implementing the IMF programme approved in 2023 under extreme conditions and assured that Lithuania supports Ukraine's request for a new programme, expecting its approval from the IMF before the end of the year.
According to the Vice-Minister, the IMF programme is an important pillar of Ukraine's macroeconomic stability and the basis for the implementation of reforms, which is vital given Ukraine's current economic situation and its challenges.
It was also underlined that Lithuania actively supports the European Commission's initiative to use frozen Russian assets to provide a EUR 140 billion reparation loan to Ukraine. Ukraine should repay the loan only after Russia pays compensation after the war. It is also positive that the proposed reparation loan would not increase Ukraine’s debt burden and would contribute to maintaining the fiscal stability of the country.
The Vice-Ministers of Finance of Lithuania and Ukraine also discussed the tightening of sanctions against Russia and Belarus during the meeting. "We would like to underline the importance of a unified implementation and application of international sanctions to reduce the risk of sanctions evasion, which remains a key challenge to the effectiveness of the sanctions regime", J. Kizenevič said, adding that work is ongoing at EU level on the 19th package of sanctions, which will target Russian revenue from energy, the financial sector, access to advanced technologies and the shadow fleet.
During his visit to Washington, J. Kizenevič also attended a round-table discussion on Ukraine's support to Ukraine and the importance of international cooperation for Ukraine's sustainable economic recovery, and met with Uma Ramakrishnan, Deputy Director of the IMF's European Department, and Gavin Gray, IMF Mission Leader to Ukraine, as well as Ukraine's representative at the IMF Vladyslav Rashovan.
Last updated: 17-10-2025
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