- December 11, 2022
- Posted by: Bastion team
- Category: World News
FILE – Ukraine Finance Minister Serhiy Marchenko walks outside of the International Monetary Fund (IMF) building during the World Bank/IMF Spring Meetings in Washington, on April 21, 2022. Ukraine’s finance minister says crucial Western financial aid is “not charity” but “self-preservation” as donor countries share the price of turning back Russian aggression. Marchenko told The Associated Press in an interview Thursday, Dec. 8 that his country is protecting freedom and democracy far beyond its borders. (AP Photo/Jose Luis Magana, File)
FRANKFURT, Germany — Ukraine’s finance minister says crucial Western financial support is “not charity” but “self-preservation” in the fight to defend democracy as his country deals with growing costs to repair electrical and heating infrastructure wrecked by Russian attacks.
Serhiy Marchenko also told The Associated Press in an interview Thursday from Kyiv that he believes European Union officials will sort out a dispute with Hungary that has blocked a key 18 billion-euro ($18.97 billion) aid package and would cover much of Ukraine’s looming budget gap.
Marchenko said financial support for Ukraine is tiny compared to what developed countries spent to combat emergencies like the global financial crisis of 2008 and the COVID-19 pandemic. And that the money bolsters freedom and security far beyond his country’s struggle, he added.
“It’s not charity to support Ukraine,” Marchenko…