Why it matters: An analysis by the Economist Intelligence Unit released last month predicted that an unprovoked Russian invasion would hit the Ukrainian economy by a whopping 47% in 2022.
“We do not believe that Ukraine’s GDP will recover to pre-war levels for more than a decade,” wrote analysts at the consulting firm. Ustenko said Sunday that his country could also issue 0% bonds to address the budget deficit over the next six months.
What they say: The Prime Minister of Ukraine Denys Shmyhal presented a list of needs for Ukraine during an appearance on the ABC show “This Week” on Sunday, starting with “more sanctions” from Western partners.
“We need more ammunition to protect our country and our European borders. We need more finances to support our people, our refugees, our internally displaced, to save our economy for a future recovery,” he added. “We need more money to fulfill our humanitarian and social obligations from within our country,” he added. “Right now, only half of our economy works. “So we are asking for financial support,” he said, adding that Ukrainian officials would meet with leaders of the World Bank, the International Monetary Fund (IMF) and the US Treasury Department in Washington, DC, this week to discuss financial assistance to Ukraine. .
