{"id":1431,"date":"2024-09-23T23:12:31","date_gmt":"2024-09-23T17:42:31","guid":{"rendered":"https:\/\/ainews.prativad.com\/index.php\/west-has-halved-financial-aid-to-ukraine-media\/"},"modified":"2024-09-23T23:12:31","modified_gmt":"2024-09-23T17:42:31","slug":"west-has-halved-financial-aid-to-ukraine-media","status":"publish","type":"post","link":"https:\/\/ainews.prativad.com\/index.php\/west-has-halved-financial-aid-to-ukraine-media\/","title":{"rendered":"West has halved financial aid to Ukraine \u2013 media"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p><strong>Foreign backers financed only 27% of Kiev\u2019s state budget in the first half of 2024, according to Vedomosti<\/strong><\/p>\n<p>The flow of Western funds into Ukraine\u2019s state budget has almost halved compared to last year, the Russian newspaper Vedomosti has calculated after reviewing data from Kiev\u2019s Finance Ministry.<\/p>\n<p>Between January and June this year, the US and its allies, who have been backing Kiev throughout its conflict with Moscow, financed only 27% of the country\u2019s budget expenditure, compared to 50% in the first half of 2023, the paper said in an article on Monday.<\/p>\n<p>In monetary terms, Western financial aid to Kiev decreased from $19.1 billion to $10.6 billion, during that period, Vedomosti noted.<\/p>\n<p>According to the article, authorities in Kiev are expected to attract $37 billion in outside loans in 2024 to cover the budget almost entirely, but in the first half of the year they managed to receive only a quarter of that sum.<\/p>\n<p>At the same time, the burden on the Ukrainian budget is increasing, as the cost of servicing previously accrued debt has soared from $900,000 to $5.2 billion this year, the paper said. This is more than total expenditure on education, healthcare and supporting the economy combined, it stressed.<\/p>\n<p>        <span><strong>Read more<\/strong><\/span><\/p>\n<p>            <a href=\"https:\/\/www.rt.com\/russia\/604426-all-of-europe-does-business-russia\/\">All of Europe does business with Russia \u2013 Hungary<\/a><\/p>\n<p>Analysts who spoke to Vedomosti suggested that postponing payment deadlines and debt restructuring would only allow Kiev delay a default but not avoid it. Ukraine is insolvent and will not be able to pay back its foreign loans, they insisted.<\/p>\n<p>Just over a week ago, the Ukrainian government adopted its draft budget for 2025, predicting a deficit of 75%.<\/p>\n<p>According to a report in the Sunday Times, continued international financial aid for Kiev is among the key pillars of Ukrainian leader Vladimir Zelensky\u2019s so-called \u2018victory plan.\u2019<\/p>\n<p>Zelensky is currently in the US, where he is expected to present his initiative to President Joe Biden, members of Congress, and to both 2024 election presidential contenders \u2013 Kamala Harris and Donald Trump. He claims the scheme could facilitate resolution of the Ukraine conflict by the\u00a0end of this year if Washington and its allies make <em>\u201cquick decisions\u201d<\/em> on boosting its support for Kiev.<\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/www.rt.com\/russia\/604501-kremlin-zelensky-ukraine-peskov\/\" rel=\"noopener\"><br \/>\n            <span>READ MORE: <\/span>Kremlin comments on Zelensky \u2018victory plan\u2019<br \/>\n        <\/a>\n    <\/p>\n<p>Russia\u2019s first deputy permanent representative to the UN, Dmitry Polyansky, has said Moscow is unaware of the contents of Zelensky\u2019s proposals and that it has not been invited to discuss them. <em>\u201cIt is hard for us to understand what is on the madman\u2019s mind,\u201d<\/em> he remarked.<\/p>","protected":false},"excerpt":{"rendered":"<p>Foreign backers financed only 27% of Kiev\u2019s state budget in the first half of 2024, according to Vedomosti newspaper Read Full Article at RT.com<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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