Uncategorized

Reuters: War forces Ukraine to divert $8.3 billion to military spending

0 min read

Ukraine has been forced to spend Hr 245.1 billion ($8.3 billion) on its war with Russia instead of development, according to Ukrainian Finance Minister Serhiy Marchenko. As a result of the war, the government only collected 60% of its planned tax revenue for April, Marchenko told Reuters in exclusive written comments. He said Kyiv is urgently in need of additional foreign support.

Avatar
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.

Read more
News Feed

Washington and Kyiv will invest $75 million each to kickstart the Ukraine reconstruction investment fund that gives the U.S. special access to mineral sites and other projects in Ukraine, the Economy Minister Oleksii Sobolev told journalists on Sept. 17.

Show More