Ukraine needs $10 billion in Western assistance to prevent default - Poroshenko administration
Ukraine needs international financial assistance in an amount of some $10 billion, Valeriy Chaly, deputy head of the Ukrainian presidential administration, said.
"I would not speak about specific amounts [of financial assistance], they now remain to be determined, but it will be about a dozen billion dollars. Otherwise it will be difficult to resolve the problem," Chaly told a briefing in Kyiv on Monday.
Negotiations on this matter are currently being conducted with the IMF, the U.S. and the EU, he said. "It's not that they don't want to provide financial assistance, it's about analyzing the needed amounts," the official said.
Chaly said Western financial assistance is needed to conduct important reforms and prevent a default.
Chaly said "a political decision on the international financial assistance to Ukraine now exists and the financial and economic aspects are now being determined."
Advertising
Advertising
MORE ABOUT
URCS volunteers working at HQ for elimination of consequences of Russian missile strike in Smila
19:00, 25.04.2024
Biden to urgently sign Ukraine aid legislation to begin sending weapons, equipment this week
09:41, 24.04.2024
URCS volunteers helping victims in Odesa from Russian shahed attack
11:34, 23.04.2024
Ukraine's Ambassador to USA: We hope amendments that reduce or eliminate aid to Ukraine to be rejected
20:39, 19.04.2024
URCS volunteers help people injured in missile attack on Dnipro
12:42, 19.04.2024
LATEST
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program