The agreement includes a joint cooperation program to deliver $100 million worth of humanitarian aid from the Kingdom to Ukraine The agreement was signed by Dr. Abdullah bin Abdulaziz Al-Rabeeah, Royal Court Counsel and Supervisor General of the King Salman Humanitarian Relief and Aid Center and Deputy Prime Minister for Reconstruction of Ukraine and Minister of Development of Communities and Regions of Ukraine Oleksandr Kupaku.
The memorandum of understanding also includes the financing of oil derivatives worth $300 million as a grant from the Government of the Kingdom of Saudi Arabia through the Saudi Development Fund for Ukraine.
The signing of the agreement and the memorandum of understanding reflects the willingness of the Government of the Kingdom of Saudi Arabia to support Ukraine and its friendly people in addressing the social and economic challenges the country is experiencing and to help mitigate resulting humanitarian impacts.