Military confrontation in Eastern Ukraine costs state coffers $5-7 mln a day – Finance Minister

09:39, 14.05.2015 1 min read

The daily spending on military confrontations in eastern Ukraine is around $5 million to $7 million, Ukrainian Finance Minister Natalie Jaresko said in a Wednesday interview with Ukraine Today TV channel.

Asked how much the war costs a day she said that earlier the sum was around $10 million, however, the devaluation of the hryvnia reduced it to $5 million to $7 million.

The minister said that on the whole 5% of the GDP has been assigned from the 2015 Ukrainian budget for national defense and law enforcement. "This is more than ever in the history of independent Ukraine," she stressed.

The official exchange rate for May 14 is UAH 20.57/$1.