Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business
Natalia Zinets

Exclusive-War forces Ukraine to divert $8.3 billion to military spending, tax revenue drops - minister

FILE PHOTO: Ukrainian servicemen sit atop an armoured fighting vehicle, as Russia?s attack on Ukraine continues, at an unknown location in Eastern Ukraine, in this handout picture released April 19, 2022. Press service of the Ukrainian Ground Forces/Handout via REUTERS

Ukraine has been forced to spend 245.1 billion hryvnia ($8.3 billion) on its war with Russia instead of development, the finance minister said on Thursday, providing a glimpse into the huge economic cost of Moscow's Feb. 24 invasion.

The figure, which has not been disclosed by Ukraine's government before, lays bare the economic maelstrom that Ukraine is navigating as its soldiers try to keep Russia's renewed offensive at bay in the country's east.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.