Koretskyi Discusses Ukraine's Financial Needs With Advisors To European Leaders
Ukraine's Finance Minister Sergii Marchenko, Economy Minister Oleksandr Kravchenko, diplomats and heads of diplomatic missions also took part in the meeting.
The Ukrainian side briefed its partners on the consequences of Russia's terror against businesses and civilian infrastructure, as well as the government's key priorities and challenges in the economic and social spheres ahead of winter.
The meeting also reaffirmed Ukraine's commitment to continuing its European integration reforms in order to accelerate the necessary decisions and secure macro-financial assistance.
"Of course, the cost of waging the war is rising. The enemy has significantly increased the production and launch of drones and missiles. Ukraine must respond accordingly, and this requires more resources. We are counting on joint decisions needed to secure the necessary financing. For our part, we have a clear action plan to fulfill our part of the work so that we can receive the international assistance envisaged for this year," Koretskyi said.
The head of government thanked the partners for their support.
Read also: Ukraine preparing 2027 budget with USD 32.6B funding gap, Finance Minister says"We appreciate and recognize everything they are doing to strengthen our resilience. We have a shared vision of the next steps. The main conclusion from the meeting is that Ukraine and Ukrainians are not alone in facing the enemy," Koretskyi said.
Earlier, Marchenko said in an interview with Euronews that Ukraine's baseline annual external financing need remains at around $50 billion. If the war continues, the preliminary unfunded need for 2027 is estimated at $32.6 billion.
On September 1, Koretskyi said in an address to the Verkhovna Rada that the government was introducing a strict regime of budget spending cuts for funds not allocated to defense needs.
Photo credit: Sergii Koretskyi / Facebook
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