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Zelensky Reveals Ukraine’s Financial Losses - Foreign Affairs - Nairaland

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Zelensky Reveals Ukraine’s Financial Losses by cule7(m): 9:32am On Apr 22, 2022
Ukraine claims the conflict with Russia has caused $550 billion in damages, demands $7 billion a month from the West


Ukrainian President Volodymyr Zelensky told the World Bank and the IMF on Thursday that his country has already suffered more than half a trillion dollars’ worth of damage and needs billions in aid every month just to stay afloat. Kiev authorities estimate the country’s GDP is down anywhere between 30-50%.

“According to very preliminary estimates, Ukraine has lost 550 billion dollars as a result of destruction,” Zelensky said in a teleconference roundtable with Western financial institutions. Ukraine needed at least $7 billion per month to rebuild its economy, he added.

This is the same figure Zelensky cited to EU Commission President Ursula von der Leyen last week, though at the time he claimed it was just to enable his government to pay out salaries and pensions.

“With your support, we will quickly rebuild our nation, which means new business opportunities from various countries,” he told the roundtable on Thursday.

Ukrainian Prime Minister Denis Shmygal, who is visiting Washington, chimed in to say that Ukraine’s GDP could see a 30-50% drop from the conflict. He also cited preliminary analyses of “direct and indirect losses” caused by the hostilities, but put them at $560 billion – and said that reconstruction would cost $600 billion or more.


Earlier in the day, US President Joe Biden pledged another $500 million in direct financial aid to Kiev – bringing the total up to $1 billion since February – in addition to $800 million more in weapons, ammunition, and equipment. US military aid to Ukraine has exceeded $3 billion since the start of the hostilities on February 24.

Russia attacked the neighboring state in February, following Ukraine’s failure to implement the terms of the Minsk agreements, first signed in 2014, and Moscow’s eventual recognition of the Donbass republics of Donetsk and Lugansk. The German and French brokered protocols were designed to give the breakaway regions special status within the Ukrainian state.

The Kremlin has since demanded that Ukraine officially declare itself a neutral country that will never join the US-led NATO military bloc. Kiev insists the Russian offensive was completely unprovoked and has denied claims it was planning to retake the two republics by force.

https://www.rt.com/russia/554302-zelensky-ukraine-losses-donations/
Re: Zelensky Reveals Ukraine’s Financial Losses by Dreal1247: 9:39am On Apr 22, 2022
Lesson, don't really on anybody's promise to take action. You are to bear the consequences alone.
Lost 550 billion dollars but received assistance of 1billion dollars in two tranches.
I think it is wiser to surrender to Russia at this point in time.

2 Likes

Re: Zelensky Reveals Ukraine’s Financial Losses by Cubalabloo(m): 9:40am On Apr 22, 2022
Until you run your national treasury dry. Then, and only then, will you understand that Ulkraine and Putin no be mate.

1 Like

Re: Zelensky Reveals Ukraine’s Financial Losses by juman(m): 9:42am On Apr 22, 2022
Foolish president.

1 Like

Re: Zelensky Reveals Ukraine’s Financial Losses by Rollsnjaguar(m): 9:42am On Apr 22, 2022
Cubalabloo:
Until you run your national treasury dry. Then, and only then, will you understand that Ulkraine and Putin no be mate.

Don't mind the comedian grin
Re: Zelensky Reveals Ukraine’s Financial Losses by NwaNimo1(m): 9:43am On Apr 22, 2022
All avoidable.....

[img]https:///media/3-30-2022/-z2-h2.gif[/img]
Re: Zelensky Reveals Ukraine’s Financial Losses by Gentlerespect76: 9:45am On Apr 22, 2022
grin
Re: Zelensky Reveals Ukraine’s Financial Losses by youngeagle(m): 9:45am On Apr 22, 2022
So he didn't do his maths well, oh, I have forgotten he's a comedian, he didn't include life loss, dude is a clown for allowing US and UK fight their war on his soil.
Re: Zelensky Reveals Ukraine’s Financial Losses by Nobody: 9:48am On Apr 22, 2022
Is alright cheesy
Re: Zelensky Reveals Ukraine’s Financial Losses by Rastaramsey(m): 10:29am On Apr 22, 2022
juman:
Foolish president.

See this one Sha....

Na Oyo you dey

He go shock you how Ukraine go develop after the war...
Re: Zelensky Reveals Ukraine’s Financial Losses by Rastaramsey(m): 10:30am On Apr 22, 2022
Dreal1247:
Lesson, don't really on anybody's promise to take action. You are to bear the consequences alone.
Lost 550 billion dollars but received assistance of 1billion dollars in two tranches.
I think it is wiser to surrender to Russia at this point in time.


You don't seem to know anything about this war.....

Ukraine is bouncing back stronger....
Re: Zelensky Reveals Ukraine’s Financial Losses by RichMelanin: 11:00am On Apr 22, 2022
I think Zelensky is after the frozen Russia foreign reserves
Ukraine has been the tool of the west in holding Europe down to the shackles of the west as well as trying to weaken the Russia empire in terms of Economy and military might which doesn’t seems to be happening, Europe has fallen into a messy web all thanks to the Comedian Zelensky
Re: Zelensky Reveals Ukraine’s Financial Losses by RichMelanin: 11:02am On Apr 22, 2022
Rastaramsey:



You don't seem to know anything about this war.....

Ukraine is bouncing back stronger....

If I may ask, what are they bouncing back with,
Stop tripping on silly or imaginary ideology

1 Like

Re: Zelensky Reveals Ukraine’s Financial Losses by seunny4lif(m): 11:05am On Apr 22, 2022
Cubalabloo:
Until you run your national treasury dry. Then, and only then, will you understand that Ulkraine and Putin no be mate.
Which national treasure again? Or you don’t know Ukraine president said Ukraine need €6B every month to function as they have no money to pay workers and even though Germany is already paying for gas and oil from Germany to Ukraine via Poland.
That fact that even Russia is still giving Ukraine money from gas pipes, shows Russia is still good.

1 Like

Re: Zelensky Reveals Ukraine’s Financial Losses by tamdun: 11:08am On Apr 22, 2022
Always think about what is at stake before going to fight, west will not rebuild ukraine and if they do, it will be at a cost

1 Like

Re: Zelensky Reveals Ukraine’s Financial Losses by baralatie(m): 11:22am On Apr 22, 2022
tamdun:
Always think about what is at stake before going to fight, west will not rebuild ukraine and if they do, it will be at a cost
Zelensky skipped class
undecided

1 Like

Re: Zelensky Reveals Ukraine’s Financial Losses by Mooh247: 12:43pm On Apr 22, 2022
cool



Big lesson to people that want to vote inexperienced clowns like Sowore, Yeye Bello


.
Re: Zelensky Reveals Ukraine’s Financial Losses by 1870seven: 1:15pm On Apr 22, 2022
[s]
Mooh247:
cool



Big lesson to people that want to vote inexperienced clowns like Sowore, Yeye Bello


.
[/s]
Re: Zelensky Reveals Ukraine’s Financial Losses by baralatie(m): 1:26pm On Apr 22, 2022
Mooh247:
cool



Big lesson to people that want to vote inexperienced clowns like Sowore, Yeye Bello


.
You wan kuku kill naija patapat
Re: Zelensky Reveals Ukraine’s Financial Losses by Opolopoopolonio: 1:46pm On Apr 22, 2022
Pro-Putin looooonatics have not come to know Zelenskyy after the past 2 months. Pathetic!

From the very beginning Zelenskyy has always spoken like the heaven is going to fall. He loves appealing to pity. That's just his nature.

From the way Zelenskky speaks, Ukraine should be totally occupied by Russia by now. Maybe that is what misled Putin into this senseless war.

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