Finance Minister Sergey Marchenko has said his country hopes to raise $3bn in international assistance on top of that.
Ukraine’s finance minister, Sergey Marchenko, has solicited at least $2 billion per month in emergency economic aid from the Biden administration. The official also revealed that Kiev hopes to raise an additional $3 billion per month from other sources.
Speaking to the Washington Post, Marchenko said that Ukraine needs “to cover this gap right now to attract the necessary finance and win this war.”
During his visit to Washington, DC last week, Marchenko met with a number of senior US officials, warning them that absent the requested financial support, Ukraine would likely not be able to cope with the humanitarian crisis brought on by Russia’s military offensive. A total of $5 billion per month is needed to cover Ukraine’s immediate needs in April, May, and June, the minister explained. In addition to that, Kiev is expected to request another tranche down the road to help Ukraine recover from all the damage incurred.
Last Thursday, the minister also reportedly attended a private dinner hosted by Deputy Treasury Secretary Wally Adeyemo, which included representatives from top US firms such as Goldman Sachs, and the Business Roundtable lobbyist association. Moreover, Marchenko met with Treasury Secretary Janet Yellen during the G20 summit in Washington last Wednesday.