Ukraine expects EU to provide it with billions of dollars every month, aide to President Vladimir Zelensky says
Ukraine needs four to five billion dollars a month to keep its budget afloat, Alexander Rodnyansky, assistant to Ukrainian President Vladimir Zelensky, told German news group Funke on Tuesday. According to the official, Kyiv expects the EU to cover around half of this sum.
“We think Germany could take around $500 million a month,” Rodnyansky said, adding that this would be especially needed in 2023. “The state must function, pensions must be paid.”
Kyiv also hopes to get around $2 billion a month from the EU as a whole, the German outlet added. It is not known if this sum will increase further in the future, since Ukraine expects its inflation to reach 24.5% in 2022, according to the country’s central bank.
The presidential aide accused Russia of opening “an economic front in the war” targeting Ukraine’s energy infrastructure. Moscow has already succeeded in “stifle Ukrainian electricity exports” he said, adding that Ukrainians would face “a very big crisis” this winter and would urgently need “thermal clothing, emergency electricity and diesel generators” among other goods.
German Economy Minister Robert Habeck has already called for a “urgent help for the winter” for Ukraine, which would include generator sets, transformers and network repair equipment. Germany itself is facing an acute energy crisis and is trying to limit its consumption amid high gas and energy prices caused in part by the EU’s desire to reduce its dependence on vis-à-vis Russian energy imports.
Ukrainian Prime Minister Denis Shmigal also estimated on Monday the total cost of taking over Ukraine’s infrastructure at around $750 billion. According to Funke, this sum includes the costs of development and modernization of areas that were not affected by kyiv’s conflict with Russia. The World Bank and the United States estimate the true cost of rebuilding Ukraine to be half that, at around $350 billion, the media group reported.
On Monday, German Chancellor Olaf Scholz told the German-Ukrainian Economic Forum, currently being held in Berlin, that his government wants Ukraine to become a full member of the EU and should plan its reconstruction efforts. “with Ukraine’s goal as an EU member in mind.” Ukraine’s transport and logistics infrastructure should be rebuilt in a way that would enable it to be quickly connected to that of the bloc, he added.