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Reuters
Reuters
Business

Ukraine hopes for more foreign aid by end of 2022

FILE PHOTO - Ukrainian Prime Minister Denys Shmygal speaks during a news briefing following talks with Polish Prime Minister Mateusz Morawiecki in Kyiv, Ukraine February 1, 2022. REUTERS/Valentyn Ogirenko

Ukraine expects a further $12-$16 billion of financial support from foreign partners by the end of this year to help it deal with Russia's invasion, Prime Minister Denys Shmygal said on Tuesday.

He said in a statement that Ukraine had managed to maintain its financial stability thanks to external assistance, which had already accounted for $14 billion, but that Kyiv had had to direct over 40% of budget spending - over 420 billion hryvnias ($11.51 billion) - to military needs.

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