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Oct. 23 () –
Ukrainian Prime Minister Denis Shmihal warned on Sunday that the country’s salaries and pensions could not be paid if the EU stops sending funding and does not deliver the promised 9 billion euros.
“We need it for our financial system to survive. Whether it is a loan or a credit is the least important thing. We have already exhausted all the savings. Today the Defense budget accounts for 60 percent of our spending as a State and the financial aid of our partners serves largely for social needs and for reconstruction. Any delay will have very difficult consequences,” Shmiha explained in statements to the German newspaper ‘Frankfurter Allgemeine Zeitung’.
Shmihal has estimated the total losses caused by the war with Russia at more than 700,000 million dollars, although he has argued that this amount can be covered with Russian assets embargoed internationally.
“We have to develop a mechanism to confiscate Russian assets and invest in processes to rebuild Ukraine. This mechanism will initially target Russia, but later it could become the cornerstone of a future global security system. In the future, all dictators must know that they will respond with their own money for any aggression”, he pointed out.
On the other hand, the Ukrainian Deputy Minister of Justice, Irina Mudra, has stated that Ukraine does not plan to receive Russian reparations by decision of international courts, since Moscow has withdrawn from the Council of Europe. In addition, Mudra explained that the funds seized from Russia are not enough to rebuild Ukraine.
On September 9, the Ukrainian Justice Minister, Denis Maliuska, estimated at least 300,000 million dollars the reparations that Russia must pay for the damage caused by the invasion.
