In an interview for Reuters, Minister of Finance of Ukraine Sergii Marchenko spoke about the financial support of the G7 countries and the IMF, the recovery of Ukraine, as well as the state of cooperation with partners on the transfer of frozen assets of the russian federation to Ukraine.

The Minister of Finance noted that the new four-year IMF Extended Fund Facility of USD 15.6 billion gave more confidence in Ukraine’s financial stability over the next four years: “Cooperation with the IMF and the G7 countries will play a significant role in overcoming the economic consequences of the war as well as in the possibility to continue the fight and liberate the territories from the occupiers. We must all be prepared for the war to last longer than we expected. During the working meetings in Washington, I received assurances from our partners that they will support Ukraine for as long as it takes.”

The Minister of Finance also stressed that it was necessary to start the reconstruction of the energy infrastructure, roads, schools, hospitals and housing as soon as possible. One of the key steps will be the development of war risk insurance, which is already being worked on by the World Bank’s Multilateral Investment Guarantee Agency (MIGA). This will expand the opportunities for global companies to engage in the country’s recovery.

In the interview, Sergii Marchenko spoke about cooperation with donor countries to transfer frozen russian assets to Ukraine.

“Our allies have become more open to considering the possibility of using the frozen assets of the russian federation to support Ukraine, but this is a rather complicated legal issue and requires time to resolve,” the Minister of Finance commented.