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STOCKHOLM — Ukraine’s price range wants for subsequent yr will stay as excessive as for this yr, Ukrainian Finance Minister Serhiy Marchenko stated on Saturday earlier than becoming a member of a gathering of EU finance ministers the place help for Ukraine might be mentioned.
The European Union is offering Kyiv with €18 billion in loans this yr to assist fill a price range gap estimated at round $3 billion to $4 billion per 30 days. Grants from the U.S. and loans from the Worldwide Financial Fund, in addition to minor bilateral contributions, make up for the remainder.
“Regarding doable financing wants for 2024, this additionally might be large,” Marchenko stated, including: “I believe that it’s going to not be a straightforward activity for us to lower drastically our bills. After all it is determined by the navy marketing campaign, however I believe it may very well be at least the €18 billion as we [had] for this yr.”
Requested whether or not the EU was able to repeat that degree of help for subsequent yr, EU Economic system Commissioner Paolo Gentiloni stated that “the dialogue about subsequent yr from the standpoint of figures and actual numbers is determined by the dialogue we’re beginning on the price range of the [European] Union, however undoubtedly we are going to proceed our help with the identical dedication as we have now lately.”
The EU goes to assessment its price range in June, an train meant to search out more money for a variety of priorities, resembling so-called macro-financial help for third nations together with Ukraine.
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