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Ukraine Latest: Kyiv’s Immediate Funding Needs Hit $65 Billion

Bloomberg business news
WATCH: The European Investment Bank has estimated that the costs of rebuilding Ukraine could surpass 1 trillion dollars.Source: Bloomberg
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Ukraine’s government has indicated it needs as much as $65 billion this year to meet its funding requirements as it faces continued economic and budgetary disruption from Russia’s invasion, billions more than its allies have so far been able to pledge. 

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.