This month, Ukraine has crucial achievements for our economic and financial resilience. The Prime Minister Denys Shmyhal said this during a Government meeting on 28 June.

“This year, Ukraine will receive an additional USD 50 billion from our allies through the use of proceeds from russian sovereign assets frozen in the West. The relevant decision was made at the G7 summit. This is a victorious, but still interim step for us,” Denys Shmyhal stressed adding that Ukraine would work to confiscate all seized russian sovereign assets and assets of russian oligarchs who support this aggression.

In addition to the decision on the additional USD 50 billion, we have three other key agreements in the financial sphere.

In particular, Ukraine and the United States signed an agreement that will allow our country to receive almost USD 7.9 billion in financial support this year. Besides, Ukraine has inked an agreement with the EU to raise funding under the Ukraine Facility for the next 4 years. Yesterday we received EUR 1.9 billion from our European partners under this programme.

“The IMF Board of Governors will meet today. We expect that Ukraine will receive USD 2.2 billion as a result of this meeting. For the first time in history, our country has already undergone four reviews under one programme with the IMF,” stressed the Prime Minister.

According to Denys Shmyhal, thanks to all these agreements with the EU, the IMF, the U.S., the World Bank, the G7 countries and our other allies, the Government of Ukraine clearly understands how we will finance the budget deficit not only this year but the next year as well.

“We have a clear understanding of how we will finance social programmes and other critical expenditures. It is difficult to overestimate the importance of these decisions and agreements for the stability of our financial system and further economic recovery,” emphasized the Head of Government.