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Ukraine looks for means to use Russia's seized reserves as war reparations.

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Deputy Minister of Economy Denys Kudin said that the $415 billion of Russia's foreign exchange reserves already seized by Western countries could cover the war reparations. Ukraine is currently looking for ways to receive this sum.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The budget foresees Hr 4.8 trillion ($115 billion) in expenditures and Hr 2.9 trillion ($70 billion) in revenues — meaning a deficit of 18.5% of GDP, according to Kyiv-based think tank Center for Economic Strategy (CES).

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