ambassador of germany in ukraine, eh according to the results of the meeting with the minister of finance marchenko welll the situation with you. this is the end of the war, we are winning, and how long do we have to stay on this potential needle, eh, five billion monthly? well, what kind of forecast is possible? either get it or not, well, look at it. i understand that they struggle with all historical analogies , but after the second world war, the macro-economic situation of the budgets in the countries of western europe. and with the marshall plan, they recovered to somewhere around 49 -50 roofs of special beams in the 50th year yes, that is, 5 years have passed since the war, 35% of us see in ukraine the economy is working , please tell me where the critical edge is, after which the economy can, well, move quite directly , conditionally yes well, in theory, nobody knows , because if we take it again, well, we are not what we personally remember. - after the great october socialist revolution yes, just a bolshevik coup, but in different assessments economists at that time, the fall of the economy am

the ministry of finance and competence but we also celebrate it, we see that after all, tax collection is slowly being restored well, in particular, the minister of finance serhii marchenko, they do not plan to increase the amount of taxes yet, but they are considering the possibility of returning vat rates on imports and business duty. that is, these are the decisions that are . indeed, this is what is necessary in our country. there are several mechanisms for stimulating the development of the e- economy at the expense of attracting new investments in new productions, and it is there that such e-e tools of e-e stimulus will remain, such as e-e cancellation of the import tax, the purpose of the import vat, for example e-e industrial parks after it works to the full extent already a change to e-e tax customs code and these laws on attracting large investments are invested, that is, now the whole system of benefits and some incentives is being revised again together with the ministry of finance in order to offer the most effective tools that would allow the opening of new industries and the implementation of new investments in this context . a petition demanding that ukra

well, on that point, sergeii marchenko, the finance minister of ukraine, i really appreciate your time everything, sergeii. take care. stay safe and i'll talk to you soon. the war in ukraine has, of course, cost thousands of lives, but it has also already caused tens of billions of dollars of damage. and that number, it's growing every day. the destruction ranges from roads and bridges to factories and apartment blocks, and the cost of rebuilding all of that when the fighting is over will be enormous. and ukraine simply can't afford it all by itself. but one organisation that's already looking at how it can help is the european bank for reconstruction and development, known as the ebrd. it was set up to help rebuild central and eastern europe after the fall of communism in russia 30 years ago. so i've come to its headquarters here in london to catch up with its president. 0dile renaud—basso. thank you so much for your time. much appreciated. 0dile, can we start with this — just for viewers around the world and perhaps the uninitiated? can you can you explain what the ebrd does? so the

well, we talked a lot about russia, let's go back to ukrainian affairs . last week, minister of finance serhiy marchenkoe an interview to a publication called an iconoclast, where he said, in my opinion, quite scary things in ukraine we need 5 billion dollars every month. we only received two or three. well, we can issue military bonds for a billion. anyway, we have billions in deficit until may, and it is not clear where to get them. it is not clear whether this means that we will stop paying salaries, pensions, and social benefits . what will this lead to ? maybe no, this doesn't mean, actually , we need to understand first of all where this mr. marchenko is - this is what he says. these are the magazines. how is his message to the western audience and he says very simple things, boys and girls, you promised us to help us with the full program, you promised us to completely cover the budget deficit, politically, you are making a statement. and the money is not coming in a sufficient amount, and therefore, if you continue to do this, we will have big economic problems. at the beginning of the year, i a

dmytro i please comment on the statement, well, this it seems that last week, our minister of finance serhii marchenko he gave an interview to the ministry of economy and said that if the war drags on for 3-4 months, there is a possibility of a wave of nationalization and tax increases, according to him, in the second quarter of this year, ukraine received grants for a total amount of 4.5 billion dollars with a budget deficit of 15 billion at the same time, as the minister's interview data notes - this is not reliable, marchenko added that if the war lasts more than 3.4 months, painful measures will be needed that involve a sharp increase taxes and spending cuts, etc., the fear is that the economy, which has become quite free and market-oriented in recent years, may be swept away by a wave of nationalization, destroying years of hard work, here we discussed these statements of the minister with our experts, i don't remember, it seems serhiy forsaka said that well, this is a statement for foreigners for world capital, but not for their own business there - not for their own business, not for domestic c

well, a lot talked about russia, let's go back to ukrainian affairs . last week, minister of finance serhiy marchenkoe an interview to the newspaper for iconoclasms. there he said quite scary things, in my opinion, that ukraine needs 5 billion dollars every month. we can issue military bonds, we still have a deficit of 2 billion until may and where to get them , it is not clear whether this means that we will stop paying salaries, pensions, social benefits, what can this lead to, no, it does not mean, actually it is necessary to understand, first of all, where is this mr. marchenko is saying this, this is what the magazines are saying, this is the truth. thus , his message is to the western audience and he is saying very simple things, the boys and girls won, they promised to help with the full program, you promised us to completely cover the budget deficit, politically, you are making a statement a there is not enough money, and therefore if you continue to do this, we will have big economic problems . printed 120 billion hryvnias and of course pensions and salaries will be paid - that's without que

rather a warning for the future from serhii marchenko that we need funds and we need them right now, well, in particular, he said that the ministry of finance can attract another billion dollars through such an instrument as military bonds. so, if you have not yet bought such bonds, you can do it through the application. of his bank and also really says that the national bank can support the government, but the ministry of finance does not use this tool as a key tool, mr. mykhailo. is the minister correct in saying that it is not necessary to print money directly? of course he is not. uh, no, uh, it doesn't mean that the national bank is the biggest uh, in fact, the source of financing uh, the deficit of the budget deficit is uah 120 billion to date. one may get the impression from all these press releases, news interviews, western partners that they are about to provide ukraine with large sums of money, and it seems that the ministry of finance simply does not know where to spend it, in fact it is not so and yet a very large number of conversations about the financing of ukraine about helping it financially , i am not talking here about th

the minister of finance serhii marchenko informed about this, how to find money and how it can affect social benefits, or will this situation worsen primarily social and economic. well, we just have to clearly report to ourselves that ukraine's economy has already lost more than 60%, and it's a colossal amount of money that the budget does not receive. today, we can fill our budget is only aid provided to us by friendly countries and provided by international financial organizations, this means that the money that ukraine needs is very clearly calculated and international structures and all the countries of the collective action that participate in aid to ukraine already know the need of ukraine and this need will be closed , but this is only one part, the second part is that ukraine immediately needs to start more persistently , more punctually, to engage in convincing the countries of the west that for russian money as a result of sanctions and as a result of the war against ukraine, these countries, especially the united states, should adopt special laws, and the draft laws are already in the parliaments of these countries, so that these laws would give ukraine t

same time, the minister of finance marchenko speaks in our country and says that 50% is almost 50%. er, the gdp of the country this year, er, we will lose that unemployment, wellis is a real problem, the economy will have to be solved, salaries are no longer growing, they are decreasing, which are provided by our international partners so what are the dynamics of this process, let's talk about the agrarian topic in this hour. we will also have interesting speakers and there are interesting inclusions of people who work in this market, let's immediately involve oleksiy kushka in our conversation an economic expert who , during this hour, will help us figure out what money we live on, what money the country lives on, and what money ukrainians live on. good evening oleksiy. good evening, thank you for joining our broadcast. uh, for today, the simple question is what kind of money will ukrainians live on in the next six months, where will they take it, and what will they need it for, if we are talking about ordinary ukrainians, then of course they will live on the uh, savings they currently have unfortunately, the state support is very weak in this regard, we know

well, 245 billion hryvnias is exactly the amount ukraine spent on military e-e problems during the full-scale invasion of russia the minister of finance of ukraine serhii marchenko told about this part of the money that was planned for development aimed at the purchase and repair of weapons, the other part was spent on emergency aid to displaced persons, i should note that the amount of direct documented damage to the infrastructure of ukraine already amounts to more than two and a half trillion hryvnias, which is twice the country's budget for this year, and our correspondent iryna skripachova is ready to tell what the situation is for this a moment in kremenchuk iryna, please have a word drink me well, later in the next issue i think we will definitely hear from our correspondent, she will tell about the situation in kremenchuk, let's move on the amount of damage caused by the resoluters to the ukrainian defense and industrial complex has already amounted to more than 100 billion hryvnias, this figure is only an interim figure, since the war is still ongoing. ukroboronprom concern informed about this and added that enterprises are actively repairing and restor

well then, yes, mr. sergey, mr. mushrooms comment i yesterday i read our finance minister and somehow the hair on my head stood on end. his name is serhiy marchenko't know, he gave an interview to a british publication where he is an economist and he said that if for almost quote, the war will continue for more than 3-4 more months, then ukraine will have to take painful steps, in particular , a sharp increase in taxes and a reduction in expenses , the minister said in a publication to the icon of the city, mr. griba , and maybe well, first of all, ukraine should talk about writing off the debts of the stoppage and billions of september in the next six months we have to pay a billion and here i also have the option of dollars, we can be ready to give it, it doesn't work like that again, you can't just take it and write it off, you country will go into default and then you won't receive in general, we can exit exit the offer postpone the interest such an offer immediately means default, that's enough , so if you want, want to get a default rating in a country that should be reset with money , then please, but for the sake of a billion dollars, whe