Minister of Finance of Ukraine Sergii Marchenko Gave a Speech at G7 Meeting of Finance Ministers

Minister of Finance of Ukraine Sergii Marchenko delivered a speech at the session of the Finance Ministers and Central Banks Governors of the G7 countries, EU leaders, the IMF, and the World Bank, which is currently taking place in Germany. The war in Ukraine and its consequences were the main topics of the Bonn meeting.

“Military support, funding, and strict sanctions are necessary to accelerate our victory. Ukraine needs more active funding from our international partners to win soon. Grant funds are a priority, not increasing the debt burden is important for us”, said Sergii Marchenko. 

The monthly need of the Ukrainian budget to finance only social and humanitarian expenses is USD 5 billion. These estimates were confirmed by the teams of the IMF and the World Bank. Minister said that in March team could talk to partners about estimates and planning, now we are talking about concrete actions and clearly defined next steps.

“We are already working on a plan to rebuild Ukraine from the destructive criminal actions of Russia. The frozen assets of the Russian Federation should be direct to rebuild the destroyed infrastructure. Russia's aggression is a global threat and it will have catastrophic consequences if we don’t stop it”, - added Sergii Marchenko.