Serhiy Marchenko

Ukraine expects to attract EUR 30.6 billion of budget support from EU in 2025 - Ministry of Finance The European Union has been the largest donor of direct budgetary assistance since February 2022, and in 2025 the EU provides €30.6 billion in budgetary support for Ukraine. 21.01.25 15:33 330 1

Ukraine received $41.7 billion in aid from partners in 2024 - Marchenko Ukraine received $41.7 billion in international aid in 2024. 30.12.24 16:48 507 3 Previously in trend: Aid to Ukraine War

Without US help, Ukraine will be able to fight at least until mid-2025 - Marchenko Finance Minister Sergii Marchenko believes that without help from the United States, Ukraine will be able to fight at least during the first half of 2025. 11.12.24 09:39 4 022 25 Previously in trend: Aid to Ukraine War

Ukraine will receive $22 billion from frozen Russian assets next year - Marchenko Out of the $50 billion that is planned to be raised from immobilized Russian assets, the first part of $22 billion will come to Ukraine in 2025. 28.11.24 20:11 998 13 Previously in trend: Aid to Ukraine

Tax law will be amended after Zelenskyy signs it - Marchenko Minister of Finance Serhii Marchenko expects that the Verkhovna Rada will amend the law on raising certain taxes to avoid their retroactive introduction. 28.11.24 16:58 2 277 14

We have received assurances from our partners about assistance until end of 2024 - Marchenko Ukraine has received assurances that it will receive the necessary financial assistance by the end of 2024. 11.06.24 11:39 1 041 4

Since February 2022, Ukraine has received €1.6 billion of direct budget support from Germany - Ministry of Finance Since the beginning of Russia’s full-scale invasion, Ukraine has received €1.6 billion in direct budget support from Germany. 03.05.24 16:39 267 2 Economics

Due to procrastination of West, with help, Ukraine spent $4 billion from state budget on weapons - Minister of Finance Marchenko In the conditions when the weapons and ammunition promised by the partners were in short supply, the government of Ukraine spent 4 billion dollars on the purchase of weapons. This has negative consequences for the budget. 18.04.24 09:04 3 663 39 Previously in trend: War

Ukraine has received USD 10.2 billion in external financing since beginning of year Since the beginning of 2024, Ukraine’s external financing has reached $10.2 billion. 10.04.24 15:57 395 4 Previously in trend: Aid to Ukraine

Ukraine needs about $3 billion in external financing every month - Marchenko In 2024, Ukraine’s monthly need for external financing will reach about $3 billion. 28.02.24 20:49 3 120 29 War in Ukraine

Japan has provided $4.6bn to Ukraine since start of Russia’s full-scale invasion Since February 2022, Japan has provided $4.6 billion to Ukraine through World Bank and JICA projects. 19.02.24 14:27 373 3 Previously in trend: Aid to Ukraine

Government has adopted National Revenue Strategy for 2024-2030, - Marchenko The Cabinet of Ministers has approved the National Revenue Strategy for 2024-2030. The strategy includes measures to strengthen Ukraine’s fiscal capacity, adapt tax and customs legislation to EU standards, and create incentives for post-war recovery and economic growth. 27.12.23 19:35 2 304 8 Economics

Ministry of Finance expects proposals from General Staff and Ministry of Defense on where to get money for additional mobilization, - Marchenko It is too early to estimate how much money from the state budget will need to be allocated to ensure the mobilisation of 500,000 people. 27.12.23 13:05 10 328 57 War in Ukraine

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. 19.12.23 15:24 46 696 244 Economics

Military budget of Russian Federation is 2.5 times larger than Ukrainian one. We urgently need help, - Ministry of Finance Russia’s military budget is more than twice the size of Ukraine’s military budget in 2024, so the support of foreign partners is critical. 08.11.23 08:41 3 936 64 Economics

Without allies’ help, Ukraine’s budget will have $29bn hole - Marchenko Ukraine may face an economic crisis next year if its allies do not provide financial assistance. 06.11.23 12:51 3 997 49 Previously in trend: Aid to Ukraine

Ukraine cannot afford to raise taxes now, - Minister of Finance Marchenko The Ministry of Finance of Ukraine can neither raise taxes nor reduce state budget spending. 18.10.23 08:38 2 589 36 Economics

Ukraine will depend on external financial support for several more years even after victory, - Marchenko According to the Minister of Finance Serhii Marchenko, Ukraine will need external support for several more years even after the victory and the end of hostilities. It takes 5-10 years to minimize this dependence. 17.10.23 12:31 1 670 33 Economics

It is increasingly difficult for Ukraine to receive financial assistance from partners, - Marchenko Currently, Ukraine is making twice as much effort to convince partners to provide support. 15.10.23 09:19 12 879 156 Economics

Second review of IMF program with Ukraine is expected next month - Ministry of Finance The second review of the International Monetary Fund’s extended financing program for Ukraine is expected next month. 13.10.23 22:40 595 2 Previously in trend: Aid to Ukraine

Economy growth will accelerate to almost 5% in 2023, - Marchenko During the year, the economy of Ukraine demonstrated stability. GDP is forecast to grow to 4.7% after last year’s drop of 29.1%. 13.10.23 10:06 1 599 18 Economics

International partners are ready to accept that we may have corruption, it is impossible to overcome it quickly, - Marchenko Each corruption scandal in Ukraine will mean more inspections by international donors. 09.08.23 09:48 13 107 200 World

Despite support of EU and USA, Ukraine still has budget deficit for this year in amount of $10 billion, - Marchenko Successful implementation of the Monitoring Program with the International Monetary Fund will enable Ukraine to receive a full-fledged financing program from the IMF. 02.02.23 18:42 4 481 92 Previously in trend: Budget 2023

Ukraine will receive additional EUR 100 million loan from France, - Marchenko Minister of Finance of Ukraine Serhii Marchenko and Minister of Economy, Finance, Industrial and Digital Sovereignty of France Bruno Le Maire signed an agreement on a loan of up to EUR 100 million from the French Development Agency to Ukraine. 28.11.22 23:08 833 8 Previously in trend: Aid to Ukraine

Ukraine is counting on macro-financial assistance from Great Britain next year, - Marchenko The Minister of Finance of Ukraine Serhii Marchenko, during a meeting with the newly appointed Chancellor of the Exchequer of the United Kingdom Jeremy Gant in London, emphasized the need for additional financing of the state budget next year. 19.11.22 14:47 812 17 Previously in trend: Aid to Ukraine War

War caused damage to Ukraine for third of GDP, - Marchenko According to the estimates of the Ministry of Finance, economic losses from the war are expected at the level of 33-35% of the gross product of Ukraine. 14.11.22 17:42 1 187 10 Previously in trend: War

Today, Ukraine will receive $3 billion from United States in form of non-refundable grant On Independence Day, Ukraine will receive $3 billion in financial aid from the United States. They will come through the mechanism of the World Bank. 24.08.22 13:09 6 078 24 Previously in trend: Russian aggression against Ukraine War

Ukraine expects to receive $4.4 billion of aid in July, - Marchenko The Ministry of Finance expects Ukraine to receive about $4.4 billion in aid from international partners in July. 13.07.22 20:15 1 676 25 Economics

In May, budget expenditures were covered by revenues by only 40% - Finance Minister Marchenko Ukraine's state budget expenditures far exceed revenues. 09.06.22 20:22 4 736 57 Previously in trend: War

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. 09.06.22 16:39 10 004 111 Economics

There is no increase of taxes in Ukraine, - Minister of Finance Marchenko There are currently no plans to increase taxes in Ukraine, but a refund of VAT rates on imports and import duties is being considered. 26.05.22 23:07 2 556 20 Previously in trend: War

IMF SBA for Ukraine could be extended for six months – finance minister Finance Minister of Ukraine Serhiy Marchenko has said that the current 18-month Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) could be extended for six months. 25.08.21 12:46 830 6 Ukrainian Politics

Rada approves Budget Declaration for 2022-2024 The Verkhovna Rada of Ukraine approved the Budget Declaration of Ukraine for 2022-2024. 15.07.21 14:44 2 975 31 Ukrainian Politics

Finance Minister Marchenko meets with IMF representatives Representatives of the International Monetary Fund (IMF) have noted Ukraine's progress in carrying out reforms needed to continue the cooperation program. 09.07.21 13:27 2 340 25 Previously in trend: Fighting corruption in Ukraine

IMF concerned about Cabinet's plans to reduce gas prices for households - Marchenko The International Monetary Fund (IMF) is concerned about the Ukrainian government's intention to decide in the near future on a reduction in natural gas prices for household consumers, Finance Minister Serhiy Marchenko has said in an interview with Radio NV. 14.01.21 15:34 10 031 106 Economics

Ukraine to resume talks with IMF mission in January - Marchenko The second round of talks between Ukraine and a mission from the International Monetary Fund (IMF) will begin in January 2021, Ukrainian Finance Minister Serhiy Marchenko has said in an interview with the TSN.ua online news site. 30.12.20 12:37 1 290 22 Ukrainian Politics

World Bank again proves its support for Ukraine in overcoming effects of COVID-19 pandemic – Marchenko Today, December 14, Ukraine and the International Bank for Reconstruction and Development (IBRD) signed the Agreement on the Second Additional Financing, aimed at overcoming the consequences of the COVID-19 pandemic, under the Social Safety Nets Modernization Project. 14.12.20 15:28 734 16 Ukrainian Politics

Finance Minister notes progress with IMF, announces submission of draft national budget 2021 to Rada Head of the Finance Ministry of Ukraine Serhiy Marchenko noted progress in negotiations with the International Monetary Fund (IMF) and announced the imminent submission of the draft national budget for 2021 to the Verkhovna Rada. 24.11.20 15:12 1 833 24 Previously in trend: Budget 2021

Draft state budget 2021: UAH 19.4B provided for fight against COVID-19 Ukraine's draft state budget for 2021 envisages the provision of UAH 19.4 billion for the fight against COVID-19, Finance Minister Serhiy Marchenko has said. 14.09.20 17:42 644 11 Previously in trend: Anti-epidemic measures and restrictions Budget 2021

IMF backs Ukraine's initiatives on gas and electricity tariffs – finance minister The International Monetary Fund (IMF) supports the Ukrainian government's initiatives on gas and electricity tariffs, Ukrainian Finance Minister Serhiy Marchenko has said. 01.06.20 14:20 1 579 33 Economics