Ukraine does not receive appropriate financial aid from Western countries, Ukrainian Prime Minister Arseniy Yatseniuk said.

"We are grateful for the existing level of support but it is necessary to admit that we are awfully underfinanced," Yatseniuk said during a board meeting of the Finance Ministry in Kyiv on Monday.

According to the prime minister, the problems of Greece are "nothing compared to the issues of Ukraine." Greece received EUR 380 billion, while Ukraine received EUR 17.5 billion from the International Monetary Fund (IMF) and $7.5 billion from other donors, he said.

Namely because of this Ukraine firstly needs to restructure debts and return funds stolen by the previous Ukrainian government, Yatseniuk said.

The government sent creditors a market proposal on restructuring foreign debt and it is hoped that they will accept this offer and "help the Ukrainian people with U.S. dollars, not with words."

"It was not us who took out these loans but we realize our responsibility. I hope that the creditors realize their responsibility too, when they issued loans to the former Ukrainian president. As you can see, he gathered 40 billion from private creditors in three years," Yatseniuk said.

Servicing the foreign debt of Ukraine on credits "we did not take" amounts to 5% GDP, the prime minister said.