Saturday, December 3, 2022

externalPM: Ukraine would face difficulties paying pensions, salaries without financial support from Western partners

This item is part of our running news digest

by The Kyiv Independent news deskOctober 23, 2022 8:58 pm

According to Prime Minister Denys Shmyhal, defense accounts for around 60% of Ukraine's state expenditures, making Western financial aid critical in supporting other needs. “Ukraine’s financial stability is as important as military security or the supply of ammunition,” Shmyhal told German newspaper Frankfurter Allgemeine Zeitung. Currently, 3 billion of the 9 billion euros allocated to Ukraine by the EU are blocked, as Germany wants to allocate funds in the form of grants, not loans.

externalGo to the source of this newsSEE OUR NEWS DIGEST
The Kyiv Independent news desk
The Kyiv Independent news desk

We are here to make sure our readers get quick, essential updates about the events in Ukraine.

Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.