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Ukraine Puts Its Immediate Funding Needs at Up to $65 Billion

  • EU and G-7 pledges so far fall short of Kyiv’s needs
  • Funding needs are part of $750 recovery plan unveiled Monday
Denys Shmyhal
Denys ShmyhalPhotographer: Amanda Andrade-Rhoades/Bloomberg

Ukraine has indicated that it needs $60 billion-$65 billion this year to meet its funding requirements, billions more than its allies have so far been able to pledge.

The amount needed immediately includes so called macro-financial stability assistance for emergency budget funding and logistics infrastructure projects. The figure, which excludes defense and security spending, is part of a larger blueprint for the nation’s longer term reconstruction, which is estimated to exceed $750 billion and was unveiled at a conference in the Swiss city of Lugano on Monday.