The International Monetary Fund (IMF) has approved $1.4 billion of emergency funding for Ukraine, as the country contends with the onslaught of Russian firepower in an unprovoked invasion.

It comes as the IMF predicts Ukraine will see a deep recession this year.

Earlier, the World Bank approved a $732 million financial package for Ukraine and is planning more economic assistance within the coming months.

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Edited by Jesus Chan

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