Ukraine Foreign Minister: We Need More Than The $30 Billion In Aid That Has Been Promised

Ukraine's Foreign Minister Pavlo Klimkin. © REUTERS/ Yves Herman

Western $30 Billion Aid Insufficient For Kiev: Ukrainian Foreign Minister -- RIA Novosti

MOSCOW, October 18 (RIA Novosti) - Ukrainian Foreign Affairs Minister Pavlo Klimkin said Saturday that the country needs much more money than the $30 billion the Western countries had promised Kiev, German media said.

According to Klimkin, subsequent financial needs of the country can no longer be taken into account, as the rescue measures for macroeconomic stabilization planned in spring were "delayed." "That's why the promised $30 billion will not be enough," Klimkin told Wirtschaftswoche news magazine.

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My Comment: A few months ago I asked a friend of mine who works for a major bank in Moscow on how much money Russia was now saving by not giving any aid/economic assistance/trade benefits/etc.  to Ukraine ....  he told me about $10 billion Euros a year. When one considers the destruction that has happened in Ukraine since, coupled with the implosion of its economy, the $30 billion (plus) number that the Ukrainian foreign minister is now asking for is .... probably .... on the low end.