Annual war expenses amount to $120 billion, with roughly half needing to be sourced from elsewhere
In a recent press conference with President of the European Parliament Roberta Metsola, President Volodymyr Zelensky of Ukraine shed light on the significant financial challenges his country is facing due to the ongoing war.
Zelensky revealed that the total estimated cost of the war in Ukraine by 2026 is a staggering $120 billion. He clarified that this figure is a potential cost for the war, not the cost during peaceful times.
Currently, the war is a challenge for the Ukrainian budget, with $60 billion already being provided by the Ukrainian budget for the war. Zelensky expressed the need to find an additional $60 billion for the next year to fund the war efforts.
However, Zelensky did not provide a specific plan for how the additional $60 billion would be sourced. He did mention that the remaining $60 billion for the Ukrainian war in 2023 is to be financed primarily by European countries such as Denmark, the Netherlands, Norway, and assistance from the European Union. The United States is delivering weapons, but other countries are expected to cover the costs. It is important to note that these arrangements require approval from the US Congress.
Zelensky emphasized that ending the war is a priority for Ukraine. He stated that the war issue is of a large scale in terms of financial requirements. The current financial burden of the war is a significant challenge for Ukraine, according to the President.
Zelensky did not mention any specific financial assistance from other countries in his comments, nor did he indicate that the $120 billion would be the exact cost during a ceasefire or under security guarantees.
In conclusion, the war in Ukraine is placing a massive financial burden on the country, with President Zelensky seeking an additional $60 billion to fund the war efforts for the next year. The financial support is expected to come from European countries and the European Union, with the United States delivering weapons. The President emphasized the importance of ending the war and highlighted the significant challenges the war is posing to Ukraine's budget.
Read also:
- United States tariffs pose a threat to India, necessitating the recruitment of adept negotiators or strategists, similar to those who had influenced Trump's decisions.
- Weekly happenings in the German Federal Parliament (Bundestag)
- Southwest region's most popular posts, accompanied by an inquiry:
- Discussion between Putin and Trump in Alaska could potentially overshadow Ukraine's concerns
