Yesterday at 23:53
July 25, the Minister of Finance of Ukraine Sergii Marchenko held an online meeting with the Federal Minister of Finance of Germany Christian Lindner.
The parties discussed the current economic situation in Ukraine and financial support from foreign partners.
Sergii Marchenko thanked the Minister of Finance of Germany for his support to Ukraine, in particular, for providing the grant aid in the amount of 1 EUR billion to finance the priority expenses of the state budget.
On July 1, Ukraine received a grant from Germany in the amount of EUR 1 billion. The funds were transferred through a special Administrated Account of the IMF. In total, since the introduction of martial law, Ukraine received EUR 1.3 billion in financial support from Germany.
Sergii Marchenko informed that in June the situation with budget financing was better compared to the previous months. Ukraine received USD 4.4 billion from international partners.
In the conditions of active hostilities, financial support from international organizations and donor countries is an extremely important contribution to the country’s struggle for freedom and democracy.
Ukraine hopes for Germany’s support in the EU’s decision to provide the next tranche of Macro-Financial Assistance in the amount of EUR 8 billion. The EU assistance will help support stability and ensure the smooth functioning of the financial system.
The parties also discussed Ukraine’s decision to announce a consent solicitation to investors in Ukrainian Eurobonds and government derivatives to obtain their consent to amend the terms of the relevant obligations. Sergii Marchenko emphasized that the protracted nature of the war caused pressure on the financial system of Ukraine. This decision will allow the Government to reduce the outflow of currency liquidity in favor of the official sector and commercial creditors.
