Ukraine has sufficient funds to cover expenses such as salaries and pensions and finance its Army

Ukraine has sufficient funds for state spending at present, Finance Minister Sergiy Marchenko reported on Wednesday, highlighting international support for his country after the seven-day Russian invasion.

“We have great international support… We guarantee all social expenses such as pensions, salaries and financial support for soldiers,” Marchenko said in an interview on Ukrainian television, adding that the ministry would continue to issue national war bonds.

Last week, the European Union agreed to release 450 million euros to arm the Ukrainian army. The day before, the United States had announced a new $350 million military aid package. Many countries, including Spain – as announced today in Congress by President Pedro Sánchez – have carried or shipped weapons and other war materials – notably the US and UK – in addition to other non-war supplies.

The international community has also moved to offer financial support to Kiev. Already before the Russian invasion, on February 11, the Council of the European Union approved the Commission’s proposal to provide Ukraine with an additional 1.2 billion euros in assistance.

The Kiev government requested emergency financial assistance from the International Monetary Fund (IMF) on February 25, the agency’s managing director, Kristalina Georgieva, revealed the same day in a statement. The IMF later said it was studying the possibility of providing this support through a $2,200 million (1,985 million euro) loan program that Ukraine already has with the agency.

In addition to aid and loans made by international organizations, many countries have sent funds to pay for humanitarian aid to the Ukrainian population. (Agent)