Russia and Belarus are no longer eligible for World Bank assistance, alleging "hostilities" against the Ukrainian people.
It has not authorized new loans or projects in Russia since 2014, when it acquired the Crimean Peninsula from Ukraine, or in Belarus since 2020, after a disputed presidential election.
In light of Russia's incursion into Ukraine and Belarus's support and collaboration for Moscow, the United States has decided to cut relations with both nations.
He said the organization was "horrified" by the horrible violence and deaths in Ukraine.
This is an important time for Ukraine's people, Malpass said in a statement.
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