Ukraine’s finance minister, Sergey Marchenko, wants AT LEAST $2 billion per month in emergency economic aid from the Biden administration. The official also revealed that Kiev hopes to raise an additional $3 billion per month from other sources.
Speaking to the Washington Post, Marchenko said that Ukraine needs “to cover this gap right now to attract the necessary finance and win this war.” “Finance” includes pensions and salaries.
MARCHENKO HAS FRIENDS IN THE SWAMP
During his visit to Washington, DC last week, Marchenko met with a number of senior US officials, warning them that absent the requested financial support, Ukraine would likely not be able to cope with the humanitarian crisis brought on by Russia’s military offensive.
Last Thursday, the minister also reportedly attended a private dinner hosted by Deputy Treasury Secretary Wally Adeyemo, which included representatives from top US firms such as Goldman Sachs, and the Business Roundtable lobbyist association. Moreover, Marchenko met with Treasury Secretary Janet Yellen during the G20 summit in Washington last Wednesday.
The US has already shelled out approximately $1 billion in economic aid for Kiev. An additional $500 million was cleared by the Biden administration last week, on top of the generous military aid.
Yellen told reporters last Thursday that America has to “find ways to meet Ukraine’s needs.” She added that this “will involve going back to Congress with a supplemental request.” Her comments came shortly after President Joe Biden made it clear that he would ask Congress to give the green light to more financial assistance for Ukraine – something an anonymous US official described to the Washington Post as one of the administration’s top priorities.
Some members of Congress and Ukraine officials want to give Russia’s frozen assets to Ukraine.
Marchenko said the country needs the money to provide care to millions of internally displaced Ukrainians, as well as pay pensions to retirees and salaries to medical and education professionals.
Marchenko concluded by saying that Washington has become “more cooperative” over time, adding that support from the US is “becoming greater and greater.”