Business Maverick: Ukraine Latest: Kyiv Needs $17 Billion as Leaders Talk Funding

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President Volodymyr Zelenskiy said his government needs $17 billion in immediate financing to cover Ukraine’s budget gap as global leaders met in Berlin to map out the nation’s postwar reconstruction.

Russian troops shelled the Nikopol district of the Dnipropetrovsk region overnight, local authorities said on Telegram. Analysts at the US-based Institute for the Study of War said that the slower pace of Russian air, missile, and drone strikes may reflect “decreasing missile and drone stockpiles and the strikes’ limited effectiveness of accomplishing Russian strategic military goals.

In his first comments after Ukraine’s National Anti-Corruption Bureau placed him on a wanted list, Shevchenko told Bloomberg News on Tuesday that being added was “further evidence of the prosecution being biased and politicized.” He didn’t elaborate. NABU, as the bureau is known, wasn’t immediately able to comment on his statement.

The Zaporizhzhia plant, Europe’s largest atomic energy station, has been occupied by Russian troops since March and heavy fighting around the facility has raised fears that power disruptions could endanger its safety.rejected an appeal Metinvest is suing for damages caused by Russian forces in its eight-month invasion of the country, including for the destructions of the company’s steel mills in the port city of Mariupol. Akhmetov also filed a case against Russia in June.International Monetary Fund Managing Director Kristalina Georgieva said that while Ukraine had managed its economy “responsibly,” huge sums would be needed to support the country.

The country needs $17 billion immediately for a quick recovery “as we have not got a single cent,” Zelenskiy told International Expert Conference on the Recovery, Reconstruction and Modernization of Ukraine in Berlin in a video address. Speaking at the same conference, his premier said the amount doesn’t include the latest widespread damage to Ukraine’s energy infrastructure.

Poland has also accused the Kremlin of masterminding the artificial flow of thousands of people from countries including Iraq, Syria and Afghanistan onto the border, hoping to cross into the EU late last year.The EU should consider more sanctions against Iran to match those imposed against Belarus to prevent the country from producing drones for Russia’s war in Ukraine, Lithuanian Foreign Minister Gabrielius Landsbergis said.

 

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