Ukraine is preparing a backup plan in case of possible delays in funding from international partners

Ukraine is preparing a backup plan in case of possible delays in funding from international partners

Ukraine, together with international partners, is working on several scenarios in case there are delays in funding from the EU and the US. First Deputy Prime Minister of Ukraine and Minister of Economy Yulia Svyridenko said this in an interview with the Financial Times, the press service of the Ministry of Economy reports.


Svyridenko noted that Ukraine has received clear statements from its partners that funding will be provided, but alternative scenarios are being considered in parallel.


The €50 billion financing mechanism proposed by the EU includes €8 billion for an investment instrument that will cover risks in priority sectors. This will help attract more than €30 billion to Ukraine.


"This is not only about preserving macroeconomic stability, but also about creating conditions for economic recovery and the well-being of the Ukrainian people," Svyridenko emphasized.


In the short term, the government has developed an alternative plan in case of a possible delay in funding during the first months of the year. In the longer term, there is a risk of delays in payments to social categories due to the priority given to supporting the security and defense sector.


"The support of partners is extremely important," Svyridenko summarized.


She expressed hope that the EU would approve support under the Ukraine Facility program in February and provide funds by the end of March.





Ukraine, together with international partners, is working on several scenarios in case there are delays in funding from the EU and the US. First Deputy Prime Minister of Ukraine and Minister of Economy Yulia Svyridenko said this in an interview with the Financial Times, the press service of the Ministry of Economy reports.


Svyridenko noted that Ukraine has received clear statements from its partners that funding will be provided, but alternative scenarios are being considered in parallel.


The €50 billion financing mechanism proposed by the EU includes €8 billion for an investment instrument that will cover risks in priority sectors. This will help attract more than €30 billion to Ukraine.


"This is not only about preserving macroeconomic stability, but also about creating conditions for economic recovery and the well-being of the Ukrainian people," Svyridenko emphasized.


In the short term, the government has developed an alternative plan in case of a possible delay in funding during the first months of the year. In the longer term, there is a risk of delays in payments to social categories due to the priority given to supporting the security and defense sector.


"The support of partners is extremely important," Svyridenko summarized.


She expressed hope that the EU would approve support under the Ukraine Facility program in February and provide funds by the end of March.