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Politico: EU may provide Ukraine with 1.5 billion euros each month in 2023

by The Kyiv Independent news desk October 10, 2022 10:52 PM 1 min read
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The European Commission is currently working on a plan to provide Ukraine with sufficient budgetary support for the next year – 1.5 billion euros per month, undisclosed sources told Politico.

Prime Minister Denys Shmyhal estimated Ukraine's budget gap to be around $3.5 billion per month next year, and the U.S. has already pledged to cover $1.5 billion per month.

The EU pledged 9 billion euros in macro-financial assistance to Ukraine in May; EU countries have backed 6 billion euros out of that sum, but so far, Ukraine has only received 1 billion euros from the block.

PM Shmyhal: Ukraine relies on partners to cover $38 billion budget deficit in 2023

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6:52 PM

Ukraine's GDP grew by more than 4% in 6 months.

"Due to the high adaptability to difficult conditions and experience in responding to such challenges, the Ukrainian economy continued to grow" in June, said Economy Minister Yulia Svyrydenko.
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