Posted on 01/12/2024 4:55:37 PM PST by Mariner
The United States and the EU are yet to allocate additional—and much needed—financing for Ukraine. State budget funding, payments in the public sector and, ultimately, the salaries of Ukrainian troops depend on this allied assistance. Otherwise, Kyiv’s only option is to print currency, leading to hryvnia devaluation and soaring inflation.
U.S. President Joe Biden has called on Republicans in Congress to approve additional funding, including more than $60 billion for Ukraine, after the 2024 government funding deal. The debate on this issue reached an impasse in the U.S. House of Representatives in late 2023. However, there are prospects that U.S. aid will finally be approved in the near future. In the EU, too, there is still no decision on the allocation of funds to Ukraine, with Hungarian PM Viktor Orban remaining an intractable opponent of extending EUR 50 billion ($55 billion) in aid.
Time is short. According to forecasts by Ukraine’s parliamentary Finance Committee Chairman Danylo Hetmantsev, Ukraine has enough cash on hand to last through January-February. Earlier, the head of the International Monetary Fund (IMF), Kristalina Georgieva, warned that a delay in financial aid for Ukraine could jeopardize the recovery of its economy and force the authorities to return to printing currency.
Finance Minister Serhiy Marchenko is not sure that Ukraine will receive aid from its partners in January-February, which is why the ministry prepared a backup plan: "We will maximize the resources that we can bring to January-February. These include advance payments of dividends, increasing borrowing, and other measures. The situation is not critical – there is simply an understanding that we will need to rely on internal resources as much as possible," Marchenko said at a recent public event.
(Excerpt) Read more at yahoo.com ...
The Ukraine needs no more funding. They lost and they will lose the rest of the country. Let the RuZZZZiqns pay their salaries - or not. I don’t think most Americans care, it’s just another source of taxpayer funds to steal for the reptiles that rule us.
Thank you. Totally agree.
GIBS-ME-MO’-MO’-MO’-BILLIONS Zelensky calls out!
I don’t care. This is Germany’s problem as Europe wants them in the EU.
No more U.S. Taxpayer money and Weapons for corrupt Ukraine.
Oh my!
I can hear the zeepers screaching now...
"How dare you say something against Ukraine?!? If you do, you must love Russia and must be a Putinpoofer."
"We don't care if America is brought to her knees, Zelensky needs more money now."
"If you don't agree with us, you are a TRAITOR!"
Sucks to be a zeeper.
And deprive Joe Bribem of his 10%? How dare you! /s
Oh come on,we’ve got a print press, it’s not like real money…err…
Amen to that. 👍
No taxation without representation, where’s MY representation in the Uke government?
I demand a portion of Uke for my trouble.
I paid for it!
It's an abomination of a country and has already cost the taxpayers far too much money.
Ivan?
How much of that wall have you built?
Have you changed your border policies yet?
Get back to me when you do.
Not a cent more of US taxpayers' hard earned cash for this corrupt craphole. Let individuals who shill for it pay for it and fight and die for it.
What reckless, loathsome, destructive, murderous creatures she and her fellow neocons are.
And just what percentage of American funds for this war getting kicked back to dementia Joe and his crime syndicate family?
"We don't care if America is brought to her knees, Zelensky needs more money now."
"If you don't agree with us, you are a TRAITOR!"
Nailed it.
And then there’s always this gem: “ I would rather the world end in nuclear war than yield to Little Pukin.”
Yes, looking out for our own country seems needier than keeping another country going when we can’t afford it.
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