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Ukrainian Parliament estimates for how long Ukraine can go without EU and U.S. financial aid

Ukrainian Parliament estimates for how long Ukraine can go without EU and U.S. financial aid Chairman of the Committee on Finance of Ukraine, Danylo Hetmantsev (Photo: RBC-Ukraine, Vitalii Nosach)

Ukraine will definitely receive financial assistance from international partners. However, it is necessary to get through January and February using our resources, said the head of the financial committee of the Verkhovna Rada, Danylo Hetmantsev, in a comment to RBC-Ukraine.

"To get through January-February, we have the necessary resources that we have earned last year," he said.

According to him, considering our internal revenues, there is a good reserve on the single treasury account to pass January. "So, I am not worried about January and even February," Hetmantsev informed.

At the same time, money from external aid will be available in March or possibly even in April.

As Hetmantsev pointed out, Ukraine has received political commitments from our partners to provide $122 billion by 2027.

"The IMF, World Bank, governments of various countries, the European Commission - all these are parts of the infrastructure of this mechanism. And if any of these elements get stuck for any reason, political or otherwise, some help comes in. For example, Japan. They promised us $4 billion in 2024, but they shifted two to 2023, and we received them in December. This is to avoid cash gaps," he said.

Hetmantsev is confident that Ukraine will receive money from partners anyway, but we must get through these two months. "And to get through them, our partners provide us with a cushion from other sources. This is normal," he added.

Aid to Ukraine

In December, there were difficulties with approving a $60 billion aid package to Ukraine in the US Congress and the EU package for 2024-2027 for €50 billion. The Senate plans to consider the aid package to Ukraine in January. After Hungary blocked it, the EU will return to the assistance issue in February.

Earlier, the head of the NBU, Andriy Pishny, stated that in December, the risks of the regularity of Ukraine's aid inflows materialized. "Regularity - yes, it can be undermined now, but we are not ready to say that the sufficiency is undermined, that expectations regarding the volumes of financial assistance are undermined," Pishny noted.

At the same time, the NBU expects a restoration of the regularity of external financing in the near future. The foundation for this includes the successful completion of the second review of the IMF's Extended Fund Facility (EFF) program for Ukraine and the corresponding assurances from international partners, which are an integral part of this program.