Since the start of the Russian invasion, Ukraine has received $14bn from Western partners, almost half of the reported funding.
By the end of the year, Ukraine expects to receive up to $16 billion in external financing, Finance Minister Sergei Marchenko said in an interview with RBC-Ukraine published on Monday, August 15.
“Depending on the success of the negotiations, maybe up to 30 billion. This has been in negotiations since the beginning of the war. We have already received 14 billion, which means, by the end of the year we will get another 12 to 16 billion,” he said.
So, in September, receipts were expected under the program of macro-financial support from the EU, according to which Ukraine should still receive 8 billion euros. At the same time, the funds will be received in some tranches, in September – not all.
“In general, we feel supported. And I hope that these messages given by the president will be heard, and macro-financial support will be received by Ukraine in full,” said the minister.
Recall that the European Commission has developed a new project of promised financial assistance to Ukraine in the amount of eight billion euros: five billion will be given as loans, three billion as non-repayable grants.
And the World Bank will give Ukraine an additional $4.5 billion grant loan allocated by the United States under the PEACE project.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.