Ukraine will ask the US for financing to face its war

Ukraine is expected to request about $14 billion next year to cover expenses derived from the war conflict

Ukraine will ask for between $12 billion and $14 billion from the United States in 2024 to cover expenses resulting from the Russian invasion and the slow progress of the Ukrainian counteroffensive.

“Talks have not yet been opened. There are many unknowns, and we are not sure that it can be taken for granted,” Ukrainian Finance Minister Serhiy Marchenko said this Monday in statements reported by Bloomberg.

In addition, Ukraine also hopes to obtain an additional credit line of $3.3 billion before the end of the year.

Last week, the Ministry of Defense announced that it would request an extra increase in funding of 251 billion hryvnia in the face of rising military costs.

Marchenko stated that they will meet as soon as possible to address this request, although he has not been “confident” that “all their needs” can be met.

K. Tovar

Source: Bloomberg

(Reference image source: Ian Taylor, Unsplash)

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