Ukraine’s government faces the prospect of delayed payments of pensions and salaries in the public sector if crucial financial aid from the West is not approved soon, Deputy Prime Minister Yulia Svyridenko told the Financial Times on Wednesday, Reuters reports, Agerpres reports.
Kyiv has spent all its revenue on defense since the start of the Russian invasion in February 2022, relying on foreign aid to cover everything from pensions to social benefits.
But key funding packages, including 50 billion euros from the European Union, have been blocked by Brussels and Washington.
“The support of partners is extremely important,” Sviridenko told the Financial Times. “We urgently need him,” she added.
According to Yulia Sviridenko, 500,000 civil servants, 1.4 million teachers and 10 million pensioners may face delayed payments in Ukraine.
Officials in Kyiv are hoping for an immediate bailout of 18.5 billion euros and more than $8 billion to cover next year’s $43 billion budget deficit.
Svyridenko also expressed hope that the European aid will be approved in February and provided in March.
Source: Hot News
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