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Amidst widespread misinformation, the Ministry of Finance has reaffirmed its commitment to maintaining timely military payments, labeling any reports of financial shortfalls as fake. Financing the Armed Forces remains a top priority. Ukraine continues to secure substantial external support, receiving substantial budgetary assistance from the EU and significant allocations from the US. This commitment is underlined by recent agreements with organizations such as the World Bank and the Export-Import Bank of Korea. The EU alone plans to provide €30.6 billion in budgetary support in 2025, signaling strong international backing. Despite these aids, Ukraine's financial need for external support remains high, as the country faces continued fiscal challenges.
What are the priorities of the Ministry of Finance in Ukraine?
The Ministry of Finance in Ukraine places high priority on ensuring timely military payments and supporting the Armed Forces. Amidst misinformation, they emphasize that financing the military remains a crucial objective. External financial support, primarily from the EU and US, plays a key role in meeting these priorities, alongside strategic agreements with international financial organizations.
How is the EU supporting Ukraine financially in 2025?
In 2025, the European Union has committed to providing €30.6 billion in budgetary support to Ukraine. This significant amount underscores the EU's role as the largest donor of direct budgetary assistance, offering crucial financial backing amidst ongoing economic challenges faced by Ukraine due to the war.
What external financing agreements has Ukraine made recently?
Ukraine has recently signed several important financing agreements, including an agreement with the World Bank under the PEACE in Ukraine project and a preferential loan agreement with South Korea's Export-Import Bank. These agreements are part of a broader strategy to secure external funding and support economic stability during challenging times.
What is the impact of misinformation on military payments in Ukraine?
The spread of misinformation regarding military payments in Ukraine has been addressed by the Ministry of Finance, which confirms that reports of financial shortages are false. The Ministry is committed to ensuring that military payments are executed as planned, reinforcing this with consistent external financial backing and prioritizing the military's financial needs in their budgetary allocations.
What is Ukraine's financial need for the upcoming year?
For the upcoming year, Ukraine's financial needs have increased significantly, with a requirement of $35-38 billion in external loans and grants as projected by the Ministry of Finance. This need has grown in response to the ongoing war, requiring substantial international financial support to sustain the country's economy and defense needs.
How much financial support has Ukraine received since February 2022?
Since February 2022, Ukraine has received approximately USD 98.7 billion in external financing from donor countries and international financial organizations. This substantial support has been critical in maintaining Ukraine's economic stability during challenging times, helping cover significant budgetary expenditures.
What role does the World Bank play in supporting Ukraine's finances?
The World Bank plays a critical role in supporting Ukraine's finances through initiatives like the PEACE in Ukraine project, which includes considerable grants and loans aimed at enhancing accountability in public expenditures. This support is essential for managing budgetary pressures and stabilizing the economy amidst ongoing external challenges faced by the nation.
TOP news Ministry of Finance
About 100,000 entrepreneurs will be obliged to use cash registers, Finance Ministry says 96,700 self-employed individuals, who are working under the rules of the third group of single tax payers, must be using cash registers effective July 1, 2015 in accordance with amendments to the tax code, which will reduce the amount of infringing merchandise. 95 248 647
"This is populism, not justice": Jaresko on foreign currency loans restructurisation The potential losses of the Ukrainian banking system from the law on foreign currency loans restructurisation at the date of contract conclusion will constitute 95 billion UAH. 72 915 626
Ukraine's state debt reduced by $3 bln, - Minister Jaresko Ukraine has managed to reduce its state debt by $3 bln. 49 317 523
List of 114 Russian politicians, 96 oligarchs close to Putin made public, no additional sanctions imposed on them - CBS News The list of 114 Russian politicians and 96 "oligarchs" who have flourished during the reign of President Vladimir Putin fulfilling a demand by Congress that the U.S. punish Moscow for interfering in the 2016 U.S. election was released late Monday. 101 472 472 Previously in trend: Sanctions against Russia
Finance Ministry proposes dramatic changes to taxation of property The Ukrainian Ministry of Finance proposes changes to taxation of property within reform of the country's tax system by introducing a tax on all houses and apartments, as well as industrial and warehouse facilities. 65 194 464
"I am clown, and you are finance minister and CEO in three offshore firms," - verbal dispute between Radical Party leader Liashko and Finance Minister Danyliuk. VIDEO Parliament's chief "radical" Oleh Liashko demanded that Minister of Finance Oleksandr Danyliuk explain the information about his directorship in three offshore companies. 152 205 448 Previously in trend: Hroisman's Cabinet
Poroshenko on Putin's loan to Yanukovych: "That was a bribe, but Ukraine will demonstrate responsible behavior in this matter" President Poroshenko called $3 billion in Eurobonds sold to Russia in 2013 a bribe to Yanukovych's regime for the failure to sign the Association Agreement. 69 751 377
Ukraine’s GDP Slump Hit Bottom - Finance Minister Economic results of September suggest that the reduction of Ukraine's GDP has reached the bottom, Finance Minister Oleksandr Shlapak says. 79 890 341
"Military tax will be extended for one year, until there is war," - Deputy Finance Minister Makeieva Military tax imposed on personal income will be extended for one more year. 26 361 337
Ukraine has settled $120-million Eurobond coupon payment, avoiding technical default, - UNIAN The Ministry of Finance of Ukraine had paid $120 million of Eurobond coupon due in July 2017. 44 213 333
Debt restructuring is critical for financial stabilization. We need to talk to creditors face to face in near future, - Jaresko. VIDEO In order to implement its financial stabilization plan, Ukraine needs to restructure its debts. To fulfill this, urgent talks with creditors are required. 21 485 332
Ukraine on the Verge of Default: Government Spent Almost all Savings The government Hs more and more difficulty paying the bills. On Friday, the Ministry of Finance reported a record budget deficit in December 2012 - 12.16 billion UAH - on a background of low growth of income of the general fund, the annual plan which has been underfulfilled by 32.6 billion USD. 44 141 245
Ukrainians should reduce consumption of goods and services "several times" - Ministry of Finance In order to win the war with Russia, our citizens will have to limit their consumption several times over. In particular, they will have to stop buying foreign goods. 46 900 244
Russia filed lawsuit against Ukraine over "Yanukovych's loan," - Russia's Finance Minister Siluanov Russia's Finance Ministry has filed a lawsuit against Ukraine to London's High Court of Justice over the non-payment of a $3 billion loan. 19 454 221
Final step towards Ukraine's debt restructuring made, - Minister Jaresko The government has approved the issue terms for new bonds which will be given to our sovereign creditors in exchange for the previous ones. 46 930 219
UK court rejects full trial in case of Ukraine's $3B debt to Russia as Kyiv has no “justiciable defence” London's High Court has ruled March 29 that it would not be right for a $3bn bond case brought by Russia against Ukraine to proceed to full trial as Kyiv failed to present a court-ready defense. 75 202 217
IMF to take time out in case of Ukraine’s Cabinet resignation, - Finance Minister Jaresko In the event of the Ukrainian government resignation, the IMF will take a break in financing the country and resume it only with the readiness of the new team of ministers to fulfill commitments made by their predecessors. 26 795 192 Previously in trend: Aid to Ukraine
Minimum wage to be untaxed effective 2016, - Deputy Finance Minister Finance Ministry proposes to set a zero tax rate to the entire size of the minimum wage from January 1, 2016. 56 889 189
Minister Jaresko: IMF to continue support Ukraine even with Russia's loan unpaid Ukraine's Minister of Finance Natalie Jaresko is confident about IMF's further financial support despite Ukraine's refusal to settle its debt before Russia. 21 120 182
No deal in Ukraine debt negotiations, talks to resume Thursday, - Reuters Ukraine and a group of its largest creditors on Wednesday failed to reach a deal to restructure the country's $19 billion of debt but will resume negotiations on Thursday. 25 034 180
US willing to help Ukraine establish Financial Investigation Service, Finance Ministry says The U.S.-based Financial Crimes Enforcement Network (FinCEN) is ready to assist Ukraine in creation of the Financial Investigation Service (FIS). 6 351 178
Minister Jaresko elaborated on salaries and pensions in 2016 The Ministry of Finance plans to raise the minimum wage and the living wage by 12.5 percent in 2016 in two stages, on May 1 and on Dec. 1, Minister of Finance Natalie Jaresko said presenting the 2016 draft budget in the Verkhovna Rada. 81 528 176 Previously in trend: Budget 2013
Ukraine will receive $7.5 billion in the next 18 months - Jaresko Ukraine will receive another 7.5 billion dollars in aid from the international financial institutions and partner countries in the next one and a half years. 16 412 174
Poroshenko discusses Ukraine's reform progress with US Secretary of Treasury Lew. PHOTO President of Ukraine Petro Poroshenko had a meeting with U.S. Secretary of the Treasury Jacob Lew 11 146 165
Ukraine’s Finance Minister Jaresko to negotiate with creditors in US next week Next week, Finance Minister Natalie Jaresko will travel to the United States to carry out talks with private creditors. 7 993 162
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Ukraine's Finance Minister announces state budget over-execution by almost 25 billion hryvnia Ukraine's budget revenue has exceeded the projected volume by 24.6 billion hryvnia (about $1.069 billion) over the last eight months of this year. 16 492 144
IMF decision on new program for Ukraine may be postponed - Finance Ministry The Finance Ministry said that the IMF may delay the decision to start the new program of cooperation with Ukraine, as the main IMF’s precondition - the adoption of several already agreed laws by the Verkhovna Rada was not fulfilled. 34 342 143
“This is pure populism. We will have a little chance of seeing next IMF tranche,” - Abromavicius commented on foreign currency loans law Minister of Economic Development and Trade Aivaras Abromavicius believes that the law on restructuring of the foreign currency loans is populism. 17 861 142
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Salary of ATO soldiers to increase fourfold, - Minister Jaresko Finance Ministry-developed budget 2016 has allowed to increase monthly salary payments for base area soldiers by almost three times, from 2,341 to 7,000 UAH ($265 monthly), and for anti-terrorist operation (ATO) soldiers - by four times, to 10,300 UAH ($389). 46 881 135 Previously in trend: Budget 2013
Ukraine’s Finance Minister does not rule out possible retirement age increase during forthcoming pension reform The Minister of Finance of Ukraine Oleksandr Danyliuk does not rule out a possible increase of the retirement age as part of the upcoming pension reform in Ukraine. 38 373 133
Privatbank supervisory board picks Engin Akçakoca as chairman, - Danyliuk The Privatbank supervisory board chose Engin Akçakoca as its chairman at a meeting on Jan. 17. 45 232 132
Ukraine ready to negotiate with Russia about restructuring "Yanukovych's loan," - Ministry of Finance The Ministry of Finance has taken into account the decision of the Russian Federation to initiate a lawsuit against Ukraine and reiterates its readiness to negotiate the restructuring of $3 billion Eurobond. 13 816 132
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Finance Minister Danyliuk confirms directorship in three offshore companies Finance Minister Oleksandr Danyliuk has confirmed being CEO in three companies abroad. 48 879 129
There is visible progress in negotiations on restructuring of Ukraine’s external debt, - Finance Ministry There has been certain progress in negotiations with creditors on the restructuring of the foreign debt of Ukraine. 11 296 123
Ukraine debt talks risk stalling as latest proposal unacceptable, - Bloomberg Progress between Ukraine and its creditors on a $19 billion restructuring may be losing momentum after the latest proposal from the government was said to be unacceptable to the nation’s bondholders. 16 649 118
Ukraine’s Finance Minister sees no significant macroeconomic factors for national currency movements There are currently no significant factors of development of the economic situation in Ukraine that can trigger significant exchange rate fluctuations. 12 605 117
Ukraine files defense to claim on 'Yanukovych's debt' with English High Court of Justice Ukraine has filed with the English High Court of Justice its defense to the claim brought against it in February 2016 by The Law Debenture Trust Corporation PLC today, Friday, 27 May 2016. 22 731 112
Business must share cost of war with the state, benefits for it must be abolished, - Finance Minister Marchenko The Minister of Finance of Ukraine Serhii Marchenko believes that the business benefits introduced with the beginning of the full-scale invasion of Russia should be abolished. 10 149 111
Finance Minister Danyliuk: “We expect to receive four IMF disbursements this year, next one in May” Minister of Finance of Ukraine says the IMF will make four disbursements under EFF (Extended Fund Facility) program this year, the next one expected as early as in May. 15 384 108
“Putin list” released by US Treasury more than just warning for Russia, Ukraine’s finance minister says. DOCUMENT Oleksandr Danyliuk, Ukrainian finance minister, believes that the list of Russian politicians and tycoons close to President Vladimir Putin disclosed by the U.S. Department of Treasury late Monday is more than just a warning for Russia. 32 794 102 Previously in trend: Sanctions against Russia
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