International donors to provide $6.5 billion to Ukraine

5 May, 07:48 PM
The Prime Minister of Poland Mateusz Morawiecki (Photo:REUTERS/Kacper Pempel)

The Prime Minister of Poland Mateusz Morawiecki (Photo:REUTERS/Kacper Pempel)

During an international conference in Poland’s Warsaw, donors pledged $6.5 billion to support Ukraine, Polish PM Mateusz Morawiecki said on May 5.

“I was just told the final figure, and I’m very happy to announce that we managed to mobilize $6.5 billion,” said Morawiecki.

Japan will soon make $300 million available to Ukraine’s government, according to the Japanese Ambassador to Ukraine, Matsuda Kuninori.

Romanian PM Nicolae Ciuca said the country will provide Ukraine with $70million in financial aid.

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Austria has allocated EUR 41.96 million ($44.13 million) for humanitarian relief in Ukraine and neighboring countries.

Finland will send an additional EUR 70 million and weapons to Ukraine, PMSanna Marin said.

President of the European Commission, Ursula von der Leyen, said that the EU will spend a further EUR 200 million ($210.3 million) on relief for internally displaced people in Ukraine.

According Ukrainian Finance Minister Serhiy Marchenko, Ukraine had a $2.7 billion budget deficit in March, which is expected to grow to $5-7 billion per month in April and May.

Russia's war against Ukraine - the main events of May 4

IMF forecasts that the Russian war of aggression will increase Ukraine’s budget deficit to 17.8% of GDP, compared to 4% of GDP in 2021.

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