Next year, Ukraine needs $37.3 billion (over 34 billion euros) in aid to maintain financial stability, according to an International Monetary Fund (IMF) estimate released on Wednesday by the Ukrainian Ministry of Finance.

Kyivans after the Russian attackPhoto: Oleksiy Chumachenko / AFP / Profimedia

The “timely” arrival of financial aid offered to Ukraine by international partners is “vitally important” in order to keep the country’s economy afloat during the Russian military aggression, emphasized the Minister of Finance of Ukraine Serhii Marchenko, EFE and Agerpres agencies write.

Ukraine ends 2023 in a state of uncertainty regarding the financial assistance promised from now on by the USA and the EU.

In the US, a new $61.4 billion financial aid package for Ukraine, which Democratic President Joe Biden has asked Congress to approve, is still being blocked by Republicans, who are demanding that Democrats strengthen measures against illegal migration in exchange for his approval.

Meanwhile, the EU also rejected a new €50bn bailout for Ukraine over the next four years requested by the European Commission after Hungary objected at a European summit last week, but talks will continue and a new summit is scheduled for February 1. .

The Minister of Finance of Ukraine also noted that the amount of external financial assistance that his country needs next year has decreased by approximately $4 billion compared to previous estimates as a result of “measures to maximize budget revenues, activate the domestic credit market” and reduce some government expenditures. Minister Serhii Martsenko emphasized that Ukraine needs foreign aid to cover social costs, as the budget is aimed at covering military costs.

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