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regular-article-logo Wednesday, 06 November 2024

Ukraine needs $7bn every month: Volodymyr Zelensky

Russian troops have destroyed or damaged tens of thousands of houses and more than 1,100 educational institutions, as well as hospitals and businesses

Jesus Jiménez Published 23.04.22, 02:10 AM
Volodymyr Zelensky

Volodymyr Zelensky File Photo

Ukrainian officials on Thursday met with leaders abroad to call for additional financial support as their country reels from devastating attacks from Russian forces and a disrupted economy.

As Ukraine suffers from what he described as “completely destroyed normal economic relations” and widespread destruction, President Volodymyr Zelensky told the World Bank that his country needed up to $7 billion in support per month and that it would need hundreds of billions of dollars to recover from the war.

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Since Russia invaded Ukraine on February 24, Zelensky said, Russian troops have destroyed or damaged tens of thousands of houses and more than 1,100 educational institutions, as well as hospitals and businesses. An initial analysis found that Ukraine has suffered $550 billion in losses, he said.

“Together we are able to implement solutions that will not only stop the aggressive intentions of the Russian Federation, not only support Ukraine in this war, but also inevitably show all the potential aggressors of the world that creating problems for other states, for other nations, means creating problems for themselves,” Zelensky said, speaking virtually from Ukraine. “Because if we do not do this, millions and millions of people in the world will repeatedly suffer from the aggressive actions of individual states.”

In the US, Denys Shmyhal, the Ukrainian Prime Minister, met the House Speaker, Nancy Pelosi, to call for additional support for his country. Shmyhal said on Twitter after meeting Pelosi that he was “convinced” that Ukraine would receive increased economic, humanitarian and military support. Shmyhal also joined the World Bank meeting that Zelensky addressed virtually.

(New York Times News Service)

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