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00:00It seems as if the latest round of talks being led from a European perspective by President Macron of France. He's going to be speaking to President Putin. He's talked with President Biden. What hopes do you have that the French dialogue and dialogue can continue to prevent war. Thank you very much for this question in all. Our current situation is very turbulent. But I believe that with support our international partners we can be able to move faster. First I want to thank all our international partners from the United States to British friends that are able to build up a strong support from Ukraine. Just use an IMF program. Sam Zein is an MFA program from the European Union and also it was mentioned Canada and Germany. Friends and allies and partners that are doing their best to support Ukraine. Now we are not alone. And it is seems that this year we can combat all possible situations. Minister is all of that commentary helpful though because we've heard from the US and the United Kingdom some quite alarming extreme language about the high price the price that Russia would pay if it were to invade. And yet Russia continues to say that it has no and no intention of invading Ukraine. Is it helpful to hear that language from the US and the United Kingdom or does it does it. Is there a danger that it inflames the tensions makes them worse. You know sometimes information can influence us as well because he sees it as is Mars and last month's reality some complex can get complicated ability to quarrel abroad. But if you look at broader perspective it sounds like because at bulls season Ukraine in a very turbulent situation and this was in this situation from 2014. So it is not something new for us. We are not like making predictions easier. Russia can invade Ukraine or look it long depends on us. But he sees a strong support from our international partners and against boost our energy and creates some strong real was in Ukraine. Good morning Minister. You described the situation as turbulent. What's your estimate of the damage to Ukraine's economy and finances due to this so-called turbulence situation. Now we see. We feel some turbulence in the external markets as I mentioned before. We have limited access on our external markets can also influence our internally but not so drastic. We are able to make collection. Texas sources bring us last week collected nine billions more taxes as we planned before last year. We feel our performance along with accession 25 percent higher. And it helps us to create enough caution to the world to Jimmy T Gate. And it is clear Indonesians. The president has said that Ukraine needs four to five billion dollars to stabilize the economy. And he also says conversations with the United States are ongoing. What loans do you expect the United States to provide. V. V. V now in process of negotiation with the U.S. government. We especially with the U.S. Treasury and we have proposed supporting kind of for years guarantee now U.S. administration are considering this proposal. And it's not a question of money. It's a question of signal. If the United States can provide clear signals that they can give us some amount of U.S. guarantees. It help us very much. OK so you propose a US guarantee and are waiting for the response there. Specifically which other allies and partners have you discussed loans with or some other kind of financial support with. Have you discussed it with France yet or who else have you discussed it with. We already received support from Canada up into one hundred million million dollars. Also I want to thank the European Commission because our fast reaction they already prepared us very fast unconditional laws one point two billion euros. And I expect that 14 of 14 of February we can be sold to the European Parliament which can be a bull's as long as well. Also it was mentioned in Germany Britain and other partners it's can provide us bilateral support. You say it's not a question of money. Minister you say it's a question of a signal that it would send. What kind of signal would it sent off if you receive loans or other financial support from Western allies. You know why I mentioned signals. Because you see a situation when markets influence us and that's why we need positive signals to calm down. Marcus shows that we are strong enough we are able to repay our debts. And if you look at our macroeconomic perspective we create a very strong economy and our budget execution is far away from our current yields. That's why we want to show all the walls and Ukraine will be able to execute zig car the key function as a sustained so we can be able to repay our debts. And this signals cancels it all information or attacks on Ukraine. Not once mentioned mentioned in this as is support from international partners. When will the IMF deliver its next review I believe it sometime this month. It has already been this had been any discussion yet about a relaxation of the conditions fee to receive your next tranche of aid. Now we're in constant negotiation was empty and so we expect the next mission as soon as possible. So in our plans it could be Malaysia or February or beginning of March. But it depends on the IMF decision. But to be seen as progress well our relationships and we can be able to rescue as this year two point two billion dollars from IMF as well as from other donors. How normal how normally Minister is the Ukrainian economy operating right now. Some people are concerned if there were to be an invasion about what might happen to agricultural the agricultural sector for example from this of course from an economic perspective. What what is your assessment of how normally the economy is operating at this point though. You know in the last few years of previous assholes that our GDP rose for fourth quarter was very good for us it were five point nine percent of GDP and it creates some boost. And then that is it. The situation is quite good. However it's worth mentioning that as a commodity price like gas pries influence our economy. That's why we also find time to find a way how to mitigate this risk on our economy. We find a way how to mitigate as it is on our citizens but it is also influenced our economy. And we'll see is how it influenced. Maybe later but I don't expect any drastic damage just because DAX Clay the collection and the revenue fall or performance in January is better than we expected before.

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Ukraine Can Handle All Possible Situations: Finance Minister

Ukrainian Finance Minister Serhiy Marchenko discusses the latest round of diplomatic talks on Ukraine led by French President Emmanuel Macron, the impact the crisis is having on the economy and the types of loans he’s expecting the U.S. to provide. He speaks exclusively on “Bloomberg Markets: Europe.” (Source: Bloomberg)

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