icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
13 Jul, 2022 13:22

Ukraine wants $9 bn in monthly aid – FT

The amount is nearly double the previous request
Ukraine wants $9 bn in monthly aid – FT

Kiev has nearly doubled its request for monthly aid from its Western backers, the Financial Times reported on Wednesday, citing an economic adviser to the Ukrainian president.

“For the next months, we have to receive $9 billion per month instead of $5 billion,” the publication quotes Oleg Ustenko as saying, who added that “it will be next to impossible” for Ukraine to survive without the funds. The figure of $5 billion was announced by President Volodymyr Zelensky last month, an amount still way above what Kiev’s supporters have provided so far.

The US has given Ukraine $3 billion in aid over the past two weeks to help Kiev pay public sector-employees.

The EU has also pledged to support the country financially, although the bloc has struggled to structure the aid. On Tuesday, the European Council approved a €1 billion loan to Ukraine, as part of a €9 billion long-term loan package proposed by the European Commission in May. However, media reports suggest that Germany has been blocking the wider aid package, with some EU members questioning whether the overall amount of €9 billion is too much. Concern has also been voiced that Kiev may default on its debt.

Since February, the EU has provided €2.2 billion in aid to Ukraine.

For more stories on economy & finance visit RT's business section