 Now the Board of the International Monetary Fund IMF has approved the disbursement of $1.4 billion in emergency financing for Ukraine amid Russia's military invasion. Now the phone says the disbursement will help meet urgent balance of payment needs arising from the impact of the ongoing war. IMF's Managing Director Kristalina Georgieva said the Russian invasion of Ukraine would lead to a deep recession this year. Georgieva said the support should help fill the financing gap and mitigate the economic impact of the war.