Since February 2022, UK allocated over $1.6bn to support Ukraine’s budget
Ukraine has received at least $1.6bn in budget support from the UK since February last year – as noted by Ukrainian Finance Minister Sergii Marchenko at a meeting with new British Ambassador to Kiev Martin Harris, TASS reports
In particular, Sergii Marchenko said, “The UK provided more than $1.6bn in direct budget support, aimed at financing priority social spending.”
The Ukrainian official also noted ‘Britain’s leadership in supplying the country with modern and urgently needed weapons’.
Martin Harris and Sergii Marchenko reportedly discussed the current situation in Ukraine’s economy and 2024 budget, as well as co-operation to speed up reconstruction and attract investment into the country.
The National Bank of Ukraine expects that financial assistance to the country from Western partners will be reduced and will total $38.5bn next year, and $25bn in 2025, while this year, according to preliminary data, Ukraine will receive at least $45bn. Last month, Ukrainian PM Denys Shmyhal said that Kiev expects $42bn in financial assistance from its allies in 2023-2024 to cover budget expenses.
