Posted On


Ukraine pays UAH 565 mln to Olympic, Paralympic winners – Finance ministry

KYIV. Oct 14 (Interfax-Ukraine) – The Ministry of Finance reported on the payment of UAH 565.3 million as a reward to the Ukrainian prize-winners of the Olympic and Paralympic Games, another UAH 6.4 million is provided for awards to 25 Olympians, who took fourth or sixth places at the games, and their coaches.

"Expenditures for rewarding the achievements of the Olympians and Paralympians of the Summer Olympic and Paralympic Games were fully funded and amount to UAH 565.3 million," the ministry said on its website.

Cash awards for gold medals are $125,000, for silver medals $80,000 and for bronze medals $55,000. Also, UAH 200,000, UAH 140,000 and UAH 100,000 will be paid to the athletes who took the fourth, fifth and sixth places, respectively, as well as their coaches.

"UAH 6.4 million will be allocated from the state budget for this," the ministry added.