Wednesday, October 12, 2022

Ukraine's President Zelenskiy Tells Donors Ukraine Needs $55 Billion In Assistance Next Year

Ukraine's President Zelenskiy speaks with IMF Managing Director Georgieva via videolink in Kyiv © Reuters/UKRAINIAN PRESIDENTIAL PRESS SER  

Reuters: Ukraine's Zelenskiy appeals for $55 billion to cover budget gap and reconstruction 

WASHINGTON (Reuters) -Ukrainian President Volodymyr Zelenskiy on Wednesday appealed to international donors to increase their financial support, saying more money was needed to rebuild schools and homes destroyed by months of Russian bombardment. 

Zelenskiy, speaking by video link to finance ministers at the World Bank and International Monetary Fund annual meetings in Washington, said Ukraine needed about $55 billion - $38 billion to cover next year's estimated budget deficit, and another $17 billion to start to rebuild critical infrastructure, including schools, housing and energy facilities.

"The more assistance Ukraine gets now, the sooner we'll come to an end to the Russian war, and the sooner and more reliably we will guarantee that such a cruel war will not spread into other countries," Zelenskiy said.  

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WNU Editor: This $55 billion number does not include military aid.

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