Ukraine has enough funds to cover expenses such as salaries and pensions and finance its Army
Ukraine has sufficient funds for current state expenses, Finance Minister Sergiy Marchenko reported on Wednesday, highlighting international support for his country after the Russian invasion that has lasted seven days.
“We have huge international support… We are guaranteeing all social expenses such as pensions, salaries and financial support to the army,” Marchenko said in an interview on Ukrainian television, adding that the ministry would continue to issue national war bonds.
Last Sunday, the European Union agreed to release 450 million euros to arm the Ukrainian army. The day before, the United States had announced a new military aid package of 350 million dollars. Numerous countries, including Spain -as announced today in Congress by President Pedro Sánchez- have already committed or sent weapons and other war material -especially the US and the United Kingdom- in addition to other non-war supplies.
The international community has also moved to offer financial support to Kiev. Already before the Russian invasion, on February 11, the EU Council had approved the Commission’s proposal to provide Ukraine with additional aid worth 1.2 billion euros.
The Kiev government requested emergency financial aid from the International Monetary Fund (IMF) on February 25, the managing director of the institution, Kristalina Georgieva, revealed that same day in a statement. The IMF then stated that it was studying the possibility of granting this support through the loan program worth 2,200 million dollars (1,985 million euros) that Ukraine already has with the agency.
In addition to the aid and loans committed by international organizations, many countries have sent funds to pay for humanitarian aid to the Ukrainian population. (Agencies)
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