Finance Minister: Ukraine spends $5-7 mln daily on Donbas war
Ukraine spends a lot on the army operation in the east and these expenditures have a significant effect on its financial status, Ukrainian Finance Minister Natalie Jaresko said.
"We are daily spending $5-7 million on this war," she told reporters at the Ukrainian Breakfast arranged by the Pinchuk Foundation at the World Economic Forum in Davos.
The Ukrainian finance minister also mentioned sizable expenditures linked to the growing numbers of internally displaced persons, which had exceeded 650,000, and free supply of gas, electric power and heating to the uncontrolled lands in the Donetsk and Luhansk regions which had led to $1 billion losses in the ongoing winter season.
"All Ukraine wants is peace" and the soonest fulfillment of the Minsk agreements, Jaresko said, adding that time when peace might be achieved was still unclear.
The minister said that war expenditures were fully covered by this year's budget and they were the biggest in the entire history of the country.
Advertising
Advertising
MORE ABOUT
Zelenskyy announces creation of All-Ukrainian economic Platform
12:02, 27.01.2024
Concept of economic Ramstein group for Ukraine still stalled – EBRD Deputy Executive Director Shevalev
14:13, 15.09.2022
Ukraine needs to prepare for heavy economic scenarios – Deputy NBU governor and President of KSE
14:32, 25.07.2022
Zelensky: It’s necessary to have clear understanding of economic development after war
09:37, 19.04.2022
UK and partners to step up economic pressure on Russia – Johnson
20:17, 09.04.2022
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