• 23/04/2024 07:25

Ukraine has a plan B in case of delay in funds from international partners – Ministry of Economy

Україна має план Б на випадок затримки коштів від міжнародних партнерів - Мінекономіки

Ukraine, together with international partners, is working on several options for the development of events if there are delays in funding from the EU and the United States.

First Deputy Prime Minister of Ukraine – Minister of Economy Yulia Sviridenko said this in an interview with the Financial Times, Ukrinform reports citing the press service of the Ministry of Economy.

According to her, Ukraine has received clear signals from partners that funding will be provided, while at the same time alternative options for the development of events are being explored.

The EU's proposed €50 billion financing facility includes €8 billion under the €8 billion priority sector risk investment facility and will bring more than €30 billion into the country.

“This is not just maintaining macroeconomic stability itself, but creating the preconditions for economic recovery and the return of Ukrainians,” Sviridenko said.

She noted that in the short term in the first months of the year, the government has an alternative plan for what to do if funding is delayed.

In the long term, there is a risk of delays in payments to social categories. After all, support for security and defense will be a priority.

“The support of partners is very important,” summed up Sviridenko.

She expressed hope that the EU will approve support under the Ukraine Facility program in February and provide funds by the end of March.

As reported, Ukraine raised more than $42 billion in 2023. international assistance, which made it possible to finance all necessary expenses.


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