Marchenko: Ukraine Did Not Receive $29.5 Billion Due to Non-Fulfillment of International Obligations
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7 Articles
Marchenko: Ukraine Did Not Receive $29.5 Billion Due to Non-Fulfillment of International Obligations
<p>Marchenko: Ukraine did not receive $29.5 billion due to non-fulfillment of international obligations Due to non-fulfillment of international obligations Ukraine did not receive $29.5 billion. By the end of the year, the defense sector still lacks $27 billion.</p>
Ukraine had already lost $29.5 billion in budgetary support owing to non-compliance with international obligations; it had faced a liquidity crisis in October and the Government had deferred some budgetary payments.
Ukraine did not receive $29.5 billion this year because of non-compliance with international obligations, which was announced today, 12 October, by the Minister of Finance, Sergei Marchenko, in the Verkhovna Rada.
Due to non-fulfillment of international obligations, Ukraine was left without 29.5 billion dollars of budget support, the Ukrainian minister said today.
This figure, as pointed out by Ukraine's Minister of Finance, Sergei Marchenko, should be reduced by future tranches, but still the amount of funds lost will remain extremely high. According to the Minister, Ukraine's total annual demand for external support is about $50 billion.
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