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 Finance Minister Jaresko urges US and EU to double financial aid to Ukraine, - Financial Times

Jaresko wants the U.S. and the EU to double their financing of infrastructure projects in Ukraine.

Ukraine's finance minister has called for the U.S., EU and other donors to double their financial commitment to the conflict-torn country next year, Censor.NET reports citing Financial Times.

Natalie Jaresko warned in an interview with Financial Times that a $40bn rescue led by the International Monetary Fund would do too little to guarantee long-term economic stability.

Read more: Minister Jaresko: IMF to continue support Ukraine even with Russia's loan unpaid

Jaresko also said that Kyiv was not prepared to offer Russia any "special deal" over a $3bn bond that matures in December, insisting that it had to be a part of a debt restructuring agreed with other creditors over the summer.

The minister said the government also needed more help from the international community to help finance infrastructure and other investment and demonstrate progress to its own citizens. And for that it needed greater bilateral help from donors such as the U.S. which collectively have given $7.5bn to Kyiv this year. The minister said that figure should be doubled with the new funds focused on encouraging investment in Ukraine.

"Ukraine has done a lot to prove to its international partners that we are going hard, that we can walk the walk," she said. "I think that means that international partners ought to be able to raise their collective hands for us."

The warning came ahead of a meeting on Friday to discuss the fate of that bond between Jaresko and Anton Siluanov, the Russian finance minister.



 
 
 
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