Ukraine’s Finance Minister Serhiy Marchenko said Kyiv would need $110 billion in Western aid by 2027. His words are reported by Politico.
The Minister said that the European Commission proposed to send 50 billion euros to Ukraine until 2027. At the same time, Marchenko added that this amount would cover only 45 percent of the needs of the country, which needs $110 billion.He called the news about the allocation of funds “a very good signal”, but clarified that Kyiv intends to “actively attract the attention” of other key partners in order to receive at least medium-term assistance. Marchenko said in May that the Ukrainian authorities were hoping to receive more than $14 billion in financial assistance from the West to rebuild five key areas of the economy.