The Ukraine War Would End Tomorrow if it Wasn’t for West Aid Keeping it Going Indefinitely

by Chris Black

Since February 2022, Ukraine has almost completely switched to the financial, logistical and military support of the West.

From February 24 to October 3, 2022, Ukraine received 6.7 billion euros of financial support and loan guarantees from international institutions, where only 1 billion from the IMF and the rest from the World Bank. Also, 38.1 billion euros of financial support from Ukraine’s donor countries was agreed.

A total of 19 countries have allocated financial assistance to Ukraine in the amount of 38.6 billion euros.

The largest financial assistance package from the USA is 15.2 billion, within the framework of the collective agreement of the EC – 12.3 billion, from the UK – 2.5 billion, other countries – 8 billion, where 3 countries allocated more than 1 billion (Canada – 1.8 billion, Germany – 1.1 billion and Norway – 1 billion).

In the structure of Ukraine’s financial support: 17.3 billion are loans, 18.2 billion are grants (gratuitous aid and subsidies) and 3.2 billion are loan guarantees. Almost all gratuitous aid was provided by the United States (14.4 billion), while Europe mainly issues long-term loans at low rates.

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This data is from IEF Kiel.

Of the total amount of financial assistance, about 17 billion euros actually reached Ukraine, plus 6.7 billion from international institutions.

How much is it? Last year, Ukraine’s consolidated budget revenues amounted to $75 billion, this year about $40 billion.

If synchronized by the time of actual receipt of assistance, external support exceeds 100% of the internal revenues of the consolidated budget of Ukraine.

To this is added humanitarian aid with an estimated volume of 14.4 billion euros, of which from the USA 9.5 billion, the EC – 1.4 billion, Germany – 1 billion, Austria – 0.6 billion, Great Britain – 0.4 billion, Canada – 0.3 billion, other 33 countries – 1.3 billion .

Humanitarian plus approved financial assistance for the approval period (slightly more than 7 months) is 60 billion (on average 8.6 billion per month), which is 𝟮.𝟲 𝘁𝗶𝗺𝗲𝘀 𝗺𝗼𝗿𝗲 than budget revenues.

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