AssetID: 55976400
Headline: UNCAPTIONED: Ukraine Finance Minister Warns Of Tightest Wartime Budget Since 2022
Caption: Ukraine Finance Minister Warns Of Tightest Wartime Budget Since 2022. Ukrainian Finance Minister Sergii Marchenko has warned the country faces its most severe budget constraints since Russia's full-scale invasion began in 2022. Marchenko said liquidity shortages could force Ukraine to postpone some non-military payments as defence and weapons spending remain the priority. Local projects, including the construction of shelters and infrastructure, could face delays as Ukraine prepares for what Marchenko called a "very hard winter.”.Ukraine is preparing its budget on the assumption that the war will continue into 2027, with an estimated $32.6 billion funding shortfall. Marchenko said Russian attacks intensified sharply in August, including strikes on Ukrainian logistics, increasing pressure on the country's finances. He urged European governments to consider a new Ukrainian proposal involving approximately $300 billion in frozen Russian assets to help finance Kyiv. The proposal would shift custodianship of assets currently held in Belgium, aiming to spread potential legal responsibility across all 27 EU member states. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Ukraine,Sergii Marchenko,Ukraine budget,Russia,frozen Russian assets,European Union,war funding,Euroclear,Belgium,Ukrainian economy
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