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Wednesday, March 29, 2023

Ukraine wants $9 billion in monthly aid – FT

The amount is nearly double the previous request

Kiev has nearly doubled its request for monthly aid from its Western allies, the Financial Times reported on Wednesday, citing an economic adviser to the Ukrainian president.

“For the next months, we have to receive $9 billion per month instead of $5 billion,” the publication quotes Oleg Ustenko as saying, who added that “it will be next to impossible” for Ukraine to survive without the funds. The figure of $5 billion was announced by President Volodymyr Zelensky last month, an amount still way above what Kiev’s allies have provided so far.

The US has given Ukraine $3 billion in aid over the past two weeks to help Kiev pay public sector-employees.


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Prime Minister of the Czech Republic, Petr Fiala, Prime Minister of Poland, Mateusz Morawiecki and Prime Minister of Slovenia, Janez Jansa meet Ukrainian President Volodymyr Zelenskyy during their visit in Kyiv on behalf of EU Council. © Ukrainian Presidency/Handout/Anadolu Agency via Getty Images
EU divided over Ukraine support – Kiev

The EU has also pledged to support the country financially, although the bloc has struggled to structure the aid. On Tuesday, the European Council approved a €1 billion loan to Ukraine, as part of a €9 billion long-term loan package proposed by the European Commission in May. However, media reports suggest that Germany has been blocking the wider aid package, with some EU members questioning whether the overall amount of €9 billion is too much. Concern has also been voiced that Kiev may default on its debt.

Since February, the EU has provided €2.2 billion in aid to Ukraine.

For more stories on economy & finance visit RT’s business section


https://ift.tt/uVKCqlH 13, 2022 at 06:52PM
from RT – Daily news

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