Koretskyi: Ukraine Risks Losing $29.5B in Aid Without Urgent Parliamentary Votes
Ukraine reportedly risks losing a substantial amount of $29.5 billion in planned international financing if the parliament misses deadlines for required legislation, according to Ukraine’s prime minister. The government has moved its deadline for 42 required decisions to Oct. 15 as it prepares for winter pressure on the budget, defense needs and energy system.
Ukrainian Prime Minister Serhii Koretskyi has raised concerns over the potential loss of $29.5 billion in international aid due to delays in parliamentary decisions. This warning came after a meeting with ambassadors from G7 countries and EU member states, as well as lawmakers and committee chairs. Koretskyi emphasized that the government will fulfill its part in adopting the necessary resolutions, but he expects lawmakers across all factions and groups to act with equal responsibility.
The government had initially set a deadline of Nov. 1 to complete the work, but has now moved it forward to Oct. 15 due to the urgency of the situation. All required bills will be submitted to parliament in September, with 27 bills already awaiting adoption. The government has linked this funding package to Ukraine's preparations for the upcoming winter, when Russian attacks are anticipated to further strain critical infrastructure, businesses, and public finances.
Currently, Ukraine is working on enhancing energy resilience, implementing decentralized solutions for critical facilities, and developing contingency plans for various scenarios ahead of the fifth winter of war. Simultaneously, the military faces a $27 billion funding gap that the government aims to fill through expedited Ukraine Support Loan, leveraging frozen Russian assets, obtaining additional loans from allies outside the EU, and optimizing domestic budget spending.
Written by urgent.news from Kyiv Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
