Ukraine Completes 17 of 42 Resolutions Needed to Unlock $29.5B in Aid
Ukraine’s government, led by Prime Minister Serhii Koretskyi, has adopted 17 out of 42 resolutions needed to unlock $29.5 billion in international financing. Koretskyi warned that the rest must be completed by Oct. 15, warning that any delay would threaten Ukraine’s defense ahead of winter.
Ukrainian Prime Minister Serhii Koretskyi announced on Wednesday that the government has adopted 17 out of 42 resolutions needed to unlock $29.5 billion in international aid, as a deadline of Oct. 15 approaches. The Cabinet of Ministers approved four more resolutions in a meeting on Wednesday. The remaining 25 resolutions must be completed by Oct.
15, with Koretskyi warning that any delay would come with "a very high cost." The government is now in a regime of maximum austerity, postponing non-priority spending, and the remaining funding is expected to come from Western partners. The aid is crucial as Ukraine's defense budget faces a $27 billion shortfall, and the country's war costs are expected to reach $155 billion this year.
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