STOCKHOLM — Ukraine’s funds wants for subsequent 12 months will stay as excessive as for this 12 months, Ukrainian Finance Minister Serhiy Marchenko stated on Saturday earlier than becoming a member of a gathering of EU finance ministers the place assist for Ukraine will be mentioned.
The European Union is offering Kyiv with €18 billion in loans this 12 months to assist fill a funds gap estimated at round $3 billion to $4 billion per thirty days. Grants from the U.S. and loans from the International Monetary Fund, in addition to minor bilateral contributions, make up for the remainder.
“Concerning potential financing wants for 2024, this additionally will be enormous,” Marchenko stated, including: “I feel that it will not be a straightforward activity for us to lower drastically our bills. Of course it depends upon the navy marketing campaign, however I feel it may very well be at least the €18 billion as we [had] for this 12 months.”
Asked whether or not the EU was able to repeat that degree of assist for subsequent 12 months, EU Economy Commissioner Paolo Gentiloni stated that “the dialogue about subsequent 12 months from the standpoint of figures and actual numbers depends upon the dialogue we’re beginning on the funds of the [European] Union, however undoubtedly we will proceed our assist with the identical dedication as we’ve got in latest years.”
The EU goes to assessment its funds in June, an train meant to seek out extra cash for various priorities, similar to so-called macro-financial help for third international locations together with Ukraine.